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Uncategorized Mortgage rates and the new normal! The biggest shock to homebuyers is the soaring mortgage rates of 2022 that doubled in one year resulting in approximately 15 million mortgage-ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was at 6.5%.  While that is twice as high as it was on January […]
Uncategorized Rent or Buy? Which is better in the long run for you? Should you continue to rent? Not sure? Contact me and we can discuss your long-term goals.
Uncategorized Marry the house and date the rate!   The dilemma facing would-be buyers today is to wait until things settle down or move ahead in this unsettling economic environment.  More specifically, the question should be, what are you waiting to settle down: mortgage rates, or prices or both? Mortgage rates haven’t been this high since 2002, so it could be considered plausible that […]
Uncategorized It takes a village to buy a home! There are a lot of professionals involved in the homebuying process.  And when these people can function as a team, the buyer is much more likely to end up where they want to be…in their new home. The lender is an integral part of the team unless you are going to be paying cash.  Trust is very important when […]
Uncategorized What about interest rates? Waiting for the Mortgage Rates to Come Down? Waiting for the mortgage rates to come down before you buy a home may not be a good decision. If you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the […]
Uncategorized When will the real estate market turn? Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage rates.  Based on the popularity of Google searches for “housing bust” or “housing bubble”, it could be surmised that buyers are anticipating relief, but they are probably not going to see it anytime soon. Home price […]
Uncategorized The Scoop on Mortgage Rates! Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down.  While it may be possible, the probability is that prices are going to continue to increase. On December 23, 2021, the 30-year fixed-rate, according to Freddie Mac, was 3.05% and is at 6.29% […]
Uncategorized Five Factors that affect the sale of any home! Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and the agent you select.  The one thing you can’t control is the location of the home, but you can adjust the other factors to compensate for failings. The seller controls the price of the home which […]
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