Mortgage Rates Hit Record Lows for Three Consecutive Weeks

by laura | Jul 15, 2020 | Buyer, First Time Home Buyers, Interest Rates, Move-Up Buyers

Over 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...

Taking Advantage of Homebuying Affordability in Today’s Market

by laura | Jul 7, 2020 | Buyer, First Time Home Buyers, Interest Rates, Move-Up Buyers

Everyone 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...

Homebuyers Are in the Mood to Buy Today

by laura | Jun 22, 2020 | Buyers & Sellers, First Time Home Buyers, Housing Market Updates, Interest Rates

According 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...

LENDERS STIFFEN CONDITIONS ON REFINANCING, EVEN THOUGH INTEREST RATES ARE LOW

by laura | Jun 2, 2020 | Interest Rates, Market Updates, Mortgage Rates

Mortgage Credit Tightens, Creating Drag on Any Economic Recovery Interest rates are at a record low. Any households should be able to find new mortgages easily. With interest rates falling to the lowest level on record, this should be a banner time for families in...

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

by laura | May 22, 2020 | Interest Rates

Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way...

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

by laura | Jul 19, 2019 | Interest Rates

Some Highlights: Interest rates are projected to increase steadily heading into 2020. The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they...