Deciding whether to purchase a home now or wait for mortgage rates to come down involves considering a variety of factors. While we can’t predict future market conditions, we can provide some guidance on how to approach this decision: 1. Current Mortgage Rates: Research current mortgage rates and trends. If rates are historically low or… Read more »
I just started working out again. Its been a long time and I believe the last time I stuck to a workout schedule, Obama was beginning his 2nd term. Times have changed. Being much older and coupled with previous injuries, my confidence with what I can do in the gym was very low. One day… Read more »
That’s the estimate from Fannie Mae. Here’s what that means for homebuyers. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according to Fannie Mae. Rates have jumped more than two percentage points since the beginning of 2022, largely due to the Federal Reserve increasing borrowing costs. Consumers shouldn’t… Read more »
More Home Sellers Are Using Security Cameras to Spy on Buyers During Showings Homebuyers have more to worry about than just skyrocketing home prices and rising interest rates. Apparently, big brother’s a problem too. In a recent poll, 30% of sellers admitted to using a hidden camera to drop in on buyers when their home… Read more »
As housing data rolls in for April and May, it tells us the housing market’s unprecedented acceleration—which saw a record 20.6% year-over-year jump in U.S. home prices between March 2021 and March 2022—is either on pause or over. In the coming months, don’t get confused by lagging home price data: All signs point to a… Read more »
Many factors contributed to the historic seller’s market that endured throughout the pandemic, which saw home prices rise by more than 50% in two years in some states. One of the biggest drivers of that growth was dirt-cheap mortgage rates. “The low interest rate environment has created an unprecedented opportunity for not only buyers getting… Read more »
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