Are More Homeowners Selling as Mortgage Rates Come Down?

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options [...]

By |2024-02-01T16:35:46+00:00February 1st, 2024|Homeownership, Real Estate, Residential|Comments Off on Are More Homeowners Selling as Mortgage Rates Come Down?

Top 3 Housing Market Questions

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a [...]

By |2023-11-30T19:30:23+00:00November 30th, 2023|Real Estate, Residential|Comments Off on Top 3 Housing Market Questions

The Perks of Selling Your House When Inventory Is Low

When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for [...]

By |2023-11-29T14:02:27+00:00November 3rd, 2023|Homeownership, Real Estate, Residential|Comments Off on The Perks of Selling Your House When Inventory Is Low

Equity Is a Game Changer for Homeowners Looking To Sell

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity [...]

By |2023-09-01T14:00:12+00:00September 1st, 2023|Investment, Real Estate, Residential|Comments Off on Equity Is a Game Changer for Homeowners Looking To Sell

Explaining Today’s Mortgage Rates

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between [...]

By |2023-07-19T15:33:33+00:00July 19th, 2023|Homeownership, Mortgage Rates|Comments Off on Explaining Today’s Mortgage Rates

Homeowners Have Incredible Equity To Leverage Right Now

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your [...]

By |2023-05-15T18:41:23+00:00May 15th, 2023|Real Estate, Residential|Comments Off on Homeowners Have Incredible Equity To Leverage Right Now

Buyer Activity Is Up Despite Higher Mortgage Rates

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint [...]

By |2023-05-03T15:55:17+00:00May 3rd, 2023|Real Estate|Comments Off on Buyer Activity Is Up Despite Higher Mortgage Rates

Think Twice Before Waiting for Lower Home Prices

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. [...]

By |2023-04-18T16:44:20+00:00April 18th, 2023|Real Estate, Residential|Comments Off on Think Twice Before Waiting for Lower Home Prices

How Changing Mortgage Rates Can Affect You

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship [...]

By |2023-04-05T18:27:15+00:00April 3rd, 2023|Homeownership, Real Estate, Uncategorized|Comments Off on How Changing Mortgage Rates Can Affect You

Rising Mortgage Rates

Over the last few weeks, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy [...]

By |2023-05-12T18:03:13+00:00March 1st, 2023|Homeownership, Real Estate, Residential|Comments Off on Rising Mortgage Rates
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