How Mortgage Rate Changes Impact Your Homebuying Power
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can affor...
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August 2024 – Residential Market Update
Inflation is under control and it's the moment we have all been waiting for... lower interest rates! The Federal Reserve is expected to lower the Feds Funds rate by .25% and maybe .50 percent in September. This will be a major shift sin...
What Every Homeowner Should Know About Their Equity
Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than the...
Are Foreclosures On The Rise?
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble ...
What Mortgage Rate Do You Need To Move?
If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you. They may even be why you’ve put your plans on hold for now. When rates climbed near 8% last year, some buyers found the numbers just didn’t make...
MARCH 2024 – RESIDENTIAL MARKET UPDATE
The Federal Reserve started their two-day meeting yesterday, and by end of day today, we will have a good idea on how mortgage rates will be affected. The greater market is certain they will hold rates and not start decreasing rat...
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...
FEBRUARY 2024 – RESIDENTIAL MARKET UPDATE
Mortgage Rates are trending downward, but the recent spike has some buyers feeling discouraged. The Fed’s have signaled that they will be reducing the Fed’s funds rate in 2024 and the bond market rallied, which significantly improved mo...
GET READY TO BUY A HOME BY IMPROVING YOUR CREDIT SCORE
As the new year approaches, the idea of buying a home might be on your mind. It’s an exciting goal to set, and it's never too early to start laying the groundwork. One crucial step to prepare for homeownership is building a solid credit s...
DECEMBER 2023 – RESIDENTIAL MARKET UPDATE
Are home loan values expected to drop in 2024? This is a common concern in the real estate market, which is always evolving. Despite uncertainties for buyers and sellers, with low loan defaults, historically low housing inventory, and the Feder...