Interest Rates

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

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

\"MortgageOver the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is […]

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Taking Advantage of Homebuying Affordability in Today’s Market

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

\"TakingEveryone is ready to buy a home at a different time in their lives, and a health crisis or not, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make […]

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Homebuyers Are in the Mood to Buy Today

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

\"HomebuyersAccording to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]

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Why This Summer Is the 2020 Real Estate Season

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

\"WhyWith stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new […]

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How Interest Rates Can Impact Your Monthly Housing Payments

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

\"HowSpring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie Mac explains: “If you’re in the market to buy a home, today’s average […]

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The #1 Misconception in the Homebuying Process

Buying Myths, For Buyers, Interest Rates, Pricing /

\"TheAfter over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned […]

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