Rob Bohan Realtor

11/06/2022

Join me Sunday between 11a and 2p at our latest listing. This one won’t last long!

10/14/2022

join me this weekend!!!!

10/09/2022

Open house today from 11a-2p! Come see me
2865 62nd Ave N
St.Petersburg, Fl 33702

05/30/2022

05/14/2022

https://videos.crosscountrymortgage.com/watch/rtLpxSK4v8epJEVUAPyrat

03/18/2022

Mortgage Rates Climb Higher than 4%
By Kerry Smith
The 30-year, fixed-rate mortgage averaged 4.16% this week, a height not seen since May 2019. Last week it averaged 3.85%; a year ago, it was 3.09%.

MCLEAN, Va. – Mortgage rates veered higher this week, with a 30-year, fixed-rate loan averaging 4.16%, notably higher than last week’s 3.85%. This week’s rate broke the psychologically important four-percent barrier and ended at almost a three-year high, according to Freddie Mac’s weekly survey of rates.

“The 30-year fixed-rate mortgage exceeded 4% for the first time since May of 2019,” says Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”

However, Khater does not predict a slowdown in the housing market.

“While home purchase demand has moderated, it remains competitive due to low existing inventory, suggesting high house price pressures will continue during the spring homebuying season,” Khater says.

The Federal Reserve Board increased its benchmark short-term interest rates earlier in the week, and while those don’t have a direct impact on long-term bonds – generally used to finance mortgage loans – rate changes often have an indirect impact that sends mortgage rates higher. In addition to the modest quarter-point rate increase, the Fed suggested it would increase interest rates as much as seven times this year as it tries to fight inflation.

03/15/2022

Ask Me Anything!
Have questions about real estate but not sure where to start?

Have questions about real estate but not sure where to start?

03/13/2022

Housing Market Potential Hinge
Contact me to discuss the latest scoop in real estate!

A rebalancing of the supply-demand dynamic is likely as demand moderates due to declining affordability, and house price appreciation slows down in response.” “There is limited incentive to sell when, due to higher mortgage rates, it will cost more each month to borrow the same amount as your ex...

03/12/2022

Watch US Existing Home Sales Rise
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This is Google's cache of https://www.bloomberg.com/news/videos/2022-02-18/u-s-existing-home-sales-rise-video It is a snapshot of the page as it appeared on 20 Feb 2022 08:58:57 GMT. The cur

03/11/2022

Market update!!!!
Rising Inflation
Headlines about the conflict in Ukraine continued to cause volatility in mortgage markets this week, but their net impact was roughly neutral. Instead, the primary influence was growing concern about rising inflation, and mortgage rates ended the week higher.


The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a broad range of goods and services. Core CPI excludes the volatile food and energy components and provides a clearer picture of the longer-term trend. In February, Core CPI was 6.4% higher than a year ago, up from an annual rate of increase of 6.0% last month, and the highest level since 1982.

There are many reasons why the annual core inflation rate has jumped from the readings below 2.0% seen early in 2021, including a tight labor market, strong consumer demand for goods, and supply chain disruptions. Shortages for many items have caused enormous cost increases, such as used car prices which are 41% higher than a year ago. Fed officials and economists are divided about how much the recent spike in inflation will subside as temporary factors caused by the pandemic are resolved.

The JOLTS report measures job openings and labor turnover rates, and the latest data indicated that the labor market remains very tight. At the end of January, there were a massive 11.3 million job openings, down slightly from last month’s record high, and over 4 million more than in January 2020 prior to the pandemic. A high level of job openings reflects a strong labor market, as companies struggle to hire enough workers with the necessary skills. A very large number of employees also willingly left their jobs in January. This is viewed as a sign of labor market strength as well, since people usually quit only if they expect that they can find better jobs.

Faced with skyrocketing prices and the conflict in Ukraine, the European Central Bank (ECB) had to make a very difficult decision at its meeting on Thursday. It chose to prioritize lower inflation over economic growth by announcing that it plans to end its bond purchase program in the third quarter, which was earlier than expected. ECB President Lagarde acknowledged that the conflict in Ukraine will have “a material impact on economic activity,” but had little choice in tightening monetary policy to help bring down inflation.