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 ...
Continue ReadingNews on the mortgage front…. With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in ...
Continue ReadingMany people are eager to buy a home right now while affordability — because of incredibly low mortgage rates — continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is ...
Continue ReadingThe demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak home buying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no ...
Continue ReadingSome Highlights With so few houses available on the market today, you might not like it but there’s a good chance other prospective buyers are looking at the same property you are. Being prepared to compete is essential to getting you under contract. From pre-approval to making your best offer, ...
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