Interest Rates Affect on Your Purchasing Power

If you have been watching the housing market at all, you know interest rates have been increasing – quickly! The average 30 year mortgage rate went from about 3.22% in January to about 6% in June, according to Freddie Mac. That is a huge jump but the real question is what does that do toContinue reading “Interest Rates Affect on Your Purchasing Power”

JULY 4 – 13 Independence Day Facts You Don’t Know!

As we look forward to a long, fun-filled July 4 holiday weekend this year, let’s not forget that some very courageous people stepped up on this day to declare their country’s independence from tyrannical rule. In doing so, they together stated: “…We hold these truths to be self-evident, that all men are created equal, thatContinue reading “JULY 4 – 13 Independence Day Facts You Don’t Know!”

Home Price Deceleration Doesn’t Mean Home Price Depreciation 

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you mayContinue reading “Home Price Deceleration Doesn’t Mean Home Price Depreciation “

More Americans Choose Real Estate as the Best Investment Than Ever Before

Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey since Gallup began asking theContinue reading “More Americans Choose Real Estate as the Best Investment Than Ever Before”

What Does the Rest of the Year Hold for the Housing Market?

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale IsContinue reading “What Does the Rest of the Year Hold for the Housing Market?”

Why Home Loans Today Aren’t What They Were in the Past

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardizedContinue reading “Why Home Loans Today Aren’t What They Were in the Past”

Don’t Wish Me a Happy Memorial Day

The Marine corps league has shared some ground rules for this weekend.  1) “Don’t wish me a Happy Memorial Day. There is nothing happy about brave men and women dying.  2) It’s not a holiday. It is a rememberance.  3) If you want to know the true meaning, visit Arlington or your local VA not Disney.” Continue reading “Don’t Wish Me a Happy Memorial Day”

Why Rising Mortgage Rates Push Buyers off the Fence

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision toContinue reading “Why Rising Mortgage Rates Push Buyers off the Fence”

How Today’s Mortgage Rates Impact Your Home Purchase

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so doesContinue reading “How Today’s Mortgage Rates Impact Your Home Purchase”