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Why Rising Mortgage Rates Push Buyers off the Fence

By |2022-05-17T03:00:46-07:00May 17th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re [...]

How Homeownership Can Help Shield You from Inflation

By |2022-04-26T03:00:24-07:00April 26th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

If you’re following along with 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 put a pinch on your wallet and make you re-evaluate any big purchases you have planned to [...]

How To Approach Rising Mortgage Rates as a Buyer

By |2022-04-20T03:00:55-07:00April 20th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

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 important. Even though you may be tempted to put your plans on hold in hopes that [...]

Where Are Mortgage Rates Headed?

By |2022-04-13T03:00:07-07:00April 13th, 2022|Categories: For Buyers, Housing Market Updates, Interest Rates, Real Estate|

There’s never been a truer 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 [...]

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

By |2022-03-30T03:00:09-07:00March 30th, 2022|Categories: For Buyers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was [...]

What You Can Expect from the Spring Housing Market

By |2022-03-24T03:00:19-07:00March 24th, 2022|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — [...]

This Spring Presents Sellers with a Golden Opportunity

By |2022-03-14T03:00:20-07:00March 14th, 2022|Categories: For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the [...]

Key Terms for Homebuyers [INFOGRAPHIC]

By |2022-03-11T04:00:46-07:00March 11th, 2022|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Real Estate|

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a [...]

Key Factors That Impact Affordability Today

By |2022-03-09T04:00:19-07:00March 9th, 2022|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, [...]

How Global Uncertainty Is Impacting Mortgage Rates

By |2022-03-08T04:00:52-07:00March 8th, 2022|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Real Estate|

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since [...]