Tag Archive: buying

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a ...

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How to Make a Winning Offer on a Home

I have never seen the local real estate market be this tough on home buyers. Many of my colleagues will say the same. Today’s homebuyers are faced with a strong, even unprecedented, sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As ...

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Is Buying a Home Today a Good Financial Move?

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has ...

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