Interest Rates

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"TheWe’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]

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Will Low Mortgage Rates Continue through 2021?

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"WillWith 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 2020 and the low interest […]

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3 Ways You’ll Win When You Buy a Home This Year

First Time Home Buyers, For Buyers, Interest Rates /

\"3There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a […]

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47% of New Buyers Surprised by How Affordable Homes Are Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"47%Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments […]

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The Luxury Market Is Attracting Buyers in 2021

For Buyers, Housing Market Updates, Interest Rates, Luxury Market, Move-Up Buyers /

\"TheAs more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury […]

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3 Reasons We’re Definitely Not in a Housing Bubble

Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Selling Myths /

\"3Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]

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Why Owning a Home Is a Powerful Financial Decision

First Time Home Buyers, For Buyers, Interest Rates, Rent vs. Buy /

\"WhyIn today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into […]

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What Record-Low Housing Inventory Means for You

For Buyers, For Sellers, Housing Market Updates, Interest Rates /

\"WhatThe real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) […]

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Owning a Home Is Still More Affordable Than Renting One

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy /

\"OwningIf spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, […]

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