Interest Rates

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

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

\"4With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt […]

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“Short of a war or stock market crash…”

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

\"“ShortThis month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases payments by roughly 13% or 14% […]

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Is Family Mortgage Debt Out of Control?

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

\"IsSome homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have […]

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The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was

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

\"TheThere is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of […]

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Mortgage Interest Rates Have Begun to Level Off

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

\"MortgageWhether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of […]

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Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

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

\"BeInterest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year. The rate you […]

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Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

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

\"FreddieRecently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which […]

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Mortgage Rates on FIRE! Home Prices Up in Smoke?

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

\"MortgageMortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a […]

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