Mortgage Rates: Past, Present and, Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and afforda...
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August 2023 Residential Housing Market Update
The bond market rallies as job reports come in lower than expected. When the bond market rallies so do mortgage rates, which are coming off a 20-year high. In a market that is always moving we welcome positive news.
If you're looking to buy ...
DON’T EXPECT A FLOOD OF FORECLOSURES
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. ...
WHAT HOMEBUYERS NEED TO KNOW ABOUT CREDIT SCORES
Your Credit Score
If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on...
APRIL 2023 RESIDENTIAL HOUSING MARKET UPDATE
What do home sellers and homebuyers need to know in the current market?
Mortgage rates are currently on a downward trend and economic indicators suggest that trend could continue. The Federal Reserve is meeting on May 3rd and the market is exp...
What You Need to Know About Pre-Approval
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:
“In a preapproval [s...
MARCH 2023 – RESIDENTIAL HOUSING MARKET UPDATE
What the heck is happening to the housing market?
We’ve got bank crisis, inflation is increasing, the job market is holding strong, what does this mean for the housing market and for residential real estate? So, we’ve got a lot of things t...
February 2023 Residential Housing Market Update
The housing market is a roller coaster right now all thanks to mortgage rates!
The Fed's had their meeting on February 1st and the market responded favorably after the Fed's Fund rate increased by only a quarter percent, as expected.
The ...
Today’s Mortgage Standards Help Avoid a Housing Market Crash
Chances are that you've heard talk about an upcoming housing market crash. 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sen...
RESIDENTIAL HOUSING MARKET UPDATE – JANUARY 2023
Mortgage interest Rates are currently on a downward trend, so what could this mean for 2023?
We saw one of the hottest real estate markets in 2020 and 2021 where sellers had all the power, and in 2022 that power quickly shifted to buyers. Home...