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How a Change in Mortgage Rate Impacts Your Homebuying Budget

By |2021-03-30T03:00:40-07:00March 30th, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased [...]

Buyer & Seller Perks in Today’s Housing Market

By |2021-03-25T03:00:42-07:00March 25th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Real Estate|

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to [...]

Will the Housing Market Bloom This Spring?

By |2021-03-11T04:00:11-07:00March 11th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, New Construction, Pricing, Real Estate|

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will [...]

6 Simple Graphs Proving This Is Nothing Like Last Time

By |2021-03-10T04:00:26-07:00March 10th, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance [...]

How Upset Should You Be about 3% Mortgage Rates?

By |2021-03-09T04:00:12-07:00March 9th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up [...]

How Smart Is It to Buy a Home Today?

By |2021-03-03T04:00:07-07:00March 3rd, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. [...]

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

By |2021-02-23T04:00:45-07:00February 23rd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low [...]

Home Mortgage Rates by Decade [INFOGRAPHIC]

By |2021-02-19T04:00:11-07:00February 19th, 2021|Categories: First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Real Estate|

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last [...]

Will Low Mortgage Rates Continue through 2021?

By |2021-02-18T04:00:42-07:00February 18th, 2021|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest [...]

3 Ways You’ll Win When You Buy a Home This Year

By |2021-02-15T04:00:01-07:00February 15th, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Real Estate|

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a [...]