by Barbara Corregano | May 9, 2022 | Buyers, First Time Home Buyers, Interest Rates
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly...
by Barbara Corregano | Apr 13, 2022 | Buyers, Housing Market Updates, Interest Rates
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more...
by Barbara Corregano | Mar 30, 2022 | Buyers, Housing Market Updates, Interest Rates, Pricing
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how...
by Barbara Corregano | Feb 2, 2022 | Buyers, First Time Home Buyers, Interest Rates
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year...
by Barbara Corregano | Jan 13, 2022 | Downpayments, Home Buying, Housing Market Updates, Interest Rates, Mortgage Rates
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 anyone put down as much as 20%? It Will Lower Your Interest Rate A 20% down payment...
by Barbara Corregano | Dec 6, 2021 | Housing Market Updates, Interest Rates, Sellers
If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move. Win When You Sell Right now, conditions are very favorable for...
