Why Today’s Housing Supply Is a Sweet Spot for Sellers
Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells
The Truth About Down Payments
If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your lo
Should You Buy Down Your Mortgage Interest Rate? | Pros and Cons
by Tom Bonetto When interest rates are high, some borrowers may choose to buy down their interest rate to lower monthly payments and make their mortgage more affordable. Buying down the interest rate means paying an extra upfront fee to get a lower rate and monthly payment. This is referred to as bu
When will interest rates fall — and how fast?
Mortgage applications are up by 25% with only slight rate changes. When will rates fall and how fast, hear what this economist has to say. When will interest rates fall — and how fast? by Russell Price, Chief Economist – Ameriprise FinancialThe direction of interest rates will undoubtedly be one of
Hot New Build Strategies & How Presidential Elections Impact the Housing Market
After what has been a crazy couple years in Valley real estate, we are finally seeing home prices stabilize. As things settle into the new ‘normal’ and rates start to come down, more buyers will enter the market. I listed a home last week that had 20 showings in 2 days and achieved a full price off
What’s Really Happening with Mortgage Rates?
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: t
Don’t Wait Until Spring To Sell Your House
As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage RatesLast October, the 30-yea
Why It’s More Affordable To Buy a Home This Year
Some Highlights1. Home affordability depends on three factors: mortgage rates, home prices, and wages.2. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.3. That’s good news if you want to buy a home because
Are More Homeowners Selling as Mortgage Rates Come Down?
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In EffectOver the past year, one factor th