If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. They’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make your move,… [Read More]
3 Tips for Buying a Home Today 👌
If you put off your home search over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s essential to remember that while inventory is improving, it’s still… [Read More]
Good News For Homebuyers💰👌
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81%… [Read More]
Today’s Mortgage Rates 💰
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so… [Read More]
Protect Your House from Inflation 🏠
If you’re following the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can pinch your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If… [Read More]
Rising Mortgage Rates as a Buyer💸
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is timing has never been more critical. Even though you may be tempted to put your plans on hold in hopes that rates… [Read More]
Where Are Mortgage Rates Headed? 🤔
There’s never been a more accurate statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably… [Read More]