Interest Rates

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

For Buyers, Housing Market Updates, Interest Rates, Pricing /

\"What’sBased 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 mortgage rate movement throughout 2021 was […]

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What You Can Expect from the Spring Housing Market

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing /

\"WhatAs the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — […]

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This Spring Presents Sellers with a Golden Opportunity

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

\"ThisIf you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the […]

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Key Factors That Impact Affordability Today

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

\"KeyYou can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, […]

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How Global Uncertainty Is Impacting Mortgage Rates

For Buyers, For Sellers, Housing Market Updates, Interest Rates /

\"HowIf you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since […]

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

Housing Market Updates, Interest Rates, Pricing /

\"4A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing […]

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The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

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

\"TheMortgage 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 to 3.55% as of last week. This is important to note because any increase […]

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Owning Is More Affordable than Renting in the Majority of the Country

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy /

\"OwningIf you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 […]

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With Mortgage Rates Climbing, Now’s the Time To Act

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

\"WithLast week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been […]

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