Several top institutions in the real estate industry are projecting an increase in mortgage rates over the next four quarters.
Key Terms to Know in the Homebuying Process
Here is a list of some of the most common terms in the homebuying process.
A Homeowner’s Net Worth Is 40x Greater Than a Renter’s
Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter.
Where Are Home Values Headed Over the Next 12 Months?
The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.
Homes Across the Country Are Selling Fast
According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month.
How Low Inventory May Impact the Housing Market This Fall
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
The Surging Real Estate Market Continues to Climb
Whether you’re considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.
Record Low Mortgage Rates are Making Homes More Affordable
Homeowners are the clear winners. Low mortgage rates mean the cost of owning is at historically low levels and who gains all the benefits of strong house price appreciation? Homeowners.
Mortgage Rates & Payments by Decade
Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.
Why Is It so Important to Be Pre-Approved in the Homebuying Process?
In a competitive market with low inventory, a mortgage pre-approval letter is a game-changing piece of the homebuying process.