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How Smart Buyers Are Approaching Rising Mortgage Rates

By |2021-11-24T04:00:50-07:00November 24th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% [...]

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

By |2021-11-23T04:00:05-07:00November 23rd, 2021|Categories: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Real Estate|

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that [...]

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

By |2021-11-08T04:00:45-07:00November 8th, 2021|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates [...]

Experts Project Mortgage Rates Will Continue To Rise in 2022

By |2021-11-03T03:00:29-07:00November 3rd, 2021|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over [...]

Sellers Have Incredible Leverage in Today’s Market

By |2021-11-02T03:00:38-07:00November 2nd, 2021|Categories: For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home [...]

The Big Question: Should You Renovate or Move?

By |2021-10-13T03:00:36-07:00October 13th, 2021|Categories: For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) [...]

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

By |2021-10-12T03:00:04-07:00October 12th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve [...]

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

By |2021-10-08T03:00:31-07:00October 8th, 2021|Categories: For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, New Construction, Real Estate|

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of [...]

The Main Key To Understanding the Rise in Mortgage Rates

By |2021-10-05T03:00:34-07:00October 5th, 2021|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam [...]

Two Reasons Why Waiting a Year To Buy Could Cost You

By |2021-09-23T03:00:03-07:00September 23rd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself [...]