Good time for Mortgage
Are mortgage rates high right now? Forty years ago, in October of 1981, the average mortgage rates were above 18%. A year ago, mortgage rates on 30-year mortgages were below 3%. Are rates higher than last
Questions about the housing market? What’s happening now – and what might happen next?
During the pandemic, the U.S. housing market was red hot. Homebound people looked for new places to live, millennials were looking for their first homes, and low-interest record rates enticed buyers. When the slowdown came,
7 Tips For That Mortgage
A mortgage is probably your life's most significant financial transaction. Buying a home is something everyone dreams of doing. Your new home will not only be where you raise a family but where you spend
Where is the Housing Market Heading in 2022?
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac
Despite fears about the US economy, Mortgage rates fall
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. While lower, it is still higher than the 2.80% recorded for last year
What Does an Economic Slowdown Mean for the Housing Market?
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in
Mortgage Interest Rates—Mortgage Rates Decrease
Despite the interest rate increase announced by the FED on May 4, 2022, mortgage rates have declined slightly as of the date this is being written. However, when put into the larger perspective, they have
Home Buyer’s Guide to Preparing for a Mortgage
It is time to buy your first home! Making this purchase is such an overwhelming process, and we want to make it as easy for you as possible. The best way to do that is
Do you think that Low Credit Scores are the No. 1 reason Americans get denied a Mortgage?
Mortgage rates remain near historic lows but will probably rise in 2021. But even with a mortgage rate in the 3% range, there are traps to be avoided if you want a mortgage at all.
Consider Putting 20% Down on a Home
While it's challenging to buy a home with a down payment, programs exist that allow qualified buyers to put down as little as 3.5%. A VA Loan will let you put down 0%. Why would