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Category: Mortgage

    Will Low Mortgage Rates Continue through 2021?

    By Sue Carter | February 18, 2021

    With 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 rate environment is projected to continue... Read More

    3 Reasons We’re Definitely Not in a Housing Bubble

    By Sue Carter | February 9, 2021

    Home 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.... Read More

    Do I Really Need a 20% Down Payment to Buy a Home?

    By Sue Carter | February 3, 2021

    Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to... Read More

    Housing Market on Track to Beat Last Year’s Success

    By Sue Carter | September 28, 2020

    Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American, announced last week: “Since... Read More

    Cost Vs. Price of a Home

    By Sue Carter | September 23, 2020

    The Cost of a Home Is Far More Important than the Price Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase... Read More

    Is Now a Good Time to Move?

    By Sue Carter | September 21, 2020

    How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in one... Read More

    Getting a Mortgage with a Salary Drop

    By Sue Carter | August 24, 2020

    Salary Drop? You Can Still Get a Mortgage In uncertain times, it can be easy to sit back and worry your time away hoping things will work out eventually. Although worrying will absolutely give you something to do, it won’t get you anywhere. So if you’ve been wanting to buy a home or refinance this... Read More

    Understanding Mortgage Interest Rates

    By Sue Carter | August 19, 2020

    When you borrow money to purchase a home, you pay interest on that loan according to rates set by the market. Rates change all the time and are influenced by several factors. What Causes Mortgage Rates to Change? Bond Market Influence Bonds have a considerable influence on interest rates. In a strong economy, more people... Read More

    Taking Advantage of Home Buying Affordability in Today’s Market

    By Sue Carter | July 7, 2020

    Everyone is ready to buy a home at different times in their lives, and despite the health crisis, 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 a purchase.... Read More

    FHA 203k Renovate Loan

    By Sue Carter | June 18, 2020

    For the Almost Perfect Property Love a house but know that it needs a few updates before you’re ready to move in? Or maybe it’s almost just right for your growing family but not quite big enough? For the almost perfect home, there is a perfect solution. The all-in-one home improvement loan … it’s just... Read More