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Think Twice Before Waiting for 3% Mortgage Rates

By |2023-01-17T04:30:15-07:00January 17th, 2023|Categories: Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press [...]

Key Terms To Know When Buying a Home [INFOGRAPHIC]

By |2023-01-13T04:30:27-07:00January 13th, 2023|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the [...]

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

By |2022-12-28T04:00:32-07:00December 28th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Real Estate|

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders [...]

Confused About What’s Going on in the Housing Market? Lean on a Professional.

By |2022-12-27T04:00:53-07:00December 27th, 2022|Categories: Buying Myths, For Buyers, For Sellers, Real Estate, Selling Myths|

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with [...]

Financial Fundamentals for First-Time Homebuyers

By |2022-12-26T04:00:40-07:00December 26th, 2022|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Real Estate|

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit [...]

Mortgage Rates Are Dropping. What Does That Mean for You?

By |2022-12-19T04:00:59-07:00December 19th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), [...]

You May Have More Negotiation Power When You Buy a Home Today

By |2022-12-14T04:00:32-07:00December 14th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from [...]

Homeownership Is an Investment in Your Future

By |2022-12-08T04:00:40-07:00December 8th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate, Rent vs. Buy|

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. [...]

Key Advantages of Buying a Home Today

By |2022-12-07T04:00:43-07:00December 7th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due [...]

Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market

By |2022-12-05T04:00:12-07:00December 5th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this [...]