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Category Archive

Home Blog Home Purchasing

Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home

Bill LewisApril 27, 2021Home Purchasing, Interest Rates

Potted plants with flowers on the steps of a house porch

While mortgage rates have trended up in recent months, they are still historically low, so relative to one year ago, housing actually is still more affordable and that’s really thanks to this low mortgage rate environment we find ourselves in.

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Bill LewisApril 5, 2021Home Purchasing, Interest Rates

man mowing his lawn

From January 2021 through April 2021, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.

How Upset Should You Be about 3% Mortgage Rates?

Bill LewisMarch 8, 2021Home Ownership, Home Purchasing, Interest Rates

Businessman using mobile phone at office

It’s true that rates are not as low as they were five weeks ago. However, rates are lower than at almost any other point in history.

Millennials: Is It Time to Buy a Bigger Home?

Bill LewisFebruary 16, 2021Home Ownership, Home Purchasing

Millenial looking at his laptop

Older millennials will be trade-up buyers with many having owned their first homes long enough to see substantial equity gains.

47% of New Buyers Surprised by How Affordable Homes Are Today

Bill LewisFebruary 11, 2021Home Ownership, Home Purchasing

Graph showing mortgage payments over time

For first-time buyers, especially, the drop in the 30-year mortgage rate…has provided unexpected leverage. Lower rates allowed many buyers to stretch and buy more expensive homes while keeping their monthly budget the same.

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

Bill LewisFebruary 3, 2021Home Ownership, Home Purchasing, Mortgage Strategies

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

The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.

What Record-Low Housing Inventory Means for You

Bill LewisJanuary 29, 2021Home Purchasing

Housing Inventory Graph

Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million).

Owning a Home Is Still More Affordable Than Renting One

Bill LewisJanuary 26, 2021Home Ownership, Home Purchasing

Couple sitting in new apartment using laptop

Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.

What’s the Difference between an Appraisal and a Home Inspection?

Bill LewisJanuary 21, 2021Home Purchasing

empty hpme ready for appraisal and home inspection

In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.

Key Terms to Know in the Homebuying Process

Bill LewisDecember 1, 2020Home Purchasing

Key Terms in the Homebuying Process

Here is a list of some of the most common terms in the homebuying process.

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