With interest rates at twice what most Americans currently have on their home loan after refinancing over the last few years, those looking to use their home equity when needed are in a bit of a pickle. Refinancing to take cash out would mean doubling their current mortgage rate. Yet, there are pressing needs of… Continue Reading
The year 2022 made history in the real estate market in several ways. Unprecedented numbers were seen in home prices, number of sales, and rise in mortgage rates. It’s early 2023, and we are in the midst of a significant market shift where home prices are declining month over month, and mortgage rates are still… Continue Reading
If you’ve been following the news, you know that the Federal Reserve has been raising interest rates. The Fed’s efforts to bring inflation under control by raising interest rates affect many aspects of our lives in a very real way. In particular, Fed policy impacts home affordability and sales activity. But before we dive into… Continue Reading
Well, it’s mid-November 2022, and the Real Estate market as well as the mortgage market, continue to spiral. Mortgage rates have been above 7% for over a month and well above 6% for several of the last 6 months. It’s a bit of a meltdown. But no worries, there is a savior in town! The… Continue Reading
It’s October 2022, and the housing reports for the 3rd quarter of 2022 are out. It is no surprise that the housing market has been cooling down over the past few months. What is a bit of a shock is just how drastic the change has been in some areas of the country. Real Estate… Continue Reading
With many economists predicting the Federal Reserve to continue to rise rates to combat inflation, that spells unwelcome news for many would-be first-time homebuyers looking to purchase a property. The Fed has already raised rates three times this year and most expect that we’ll see two more rate hikes before 2022 comes to a close.… Continue Reading
Mortgage rates have gone well over 7% as we move into the last quarter of 2022, hitting a 20-year high. As a result, home buyers are looking for alternatives to get a lower rate and more affordable payments on their home purchases. One of those alternatives gaining popularity is assuming loans that the home seller… Continue Reading
As we close out the third quarter of 2022, mortgage rates have hit a 20-year high. The 30-year rate on fixed-rate mortgages sits at just over 7% now. If you need to buy a home or refinance your current mortgage, what can you do to save on your mortgage right now? Let’s explore some money-saving… Continue Reading
The Federal Reserve announced last week that it will again raise rates by three-quarters of a point in an effort to combat the highest level of inflation seen in the United States in decades. While the Fed does not control mortgage rates directly, this decision will undoubtedly influence the current mortgage rates available today. First-time… Continue Reading
“To Lock Or Not To Lock”- may not be the age-old question…but definitely a relevant topic as we close out the 3rd quarter of 2022. Currently, rates are trending up, so it is a perfect time to find out how you can benefit from locking your mortgage rate. Here is what we will be covering… Continue Reading