Rates on 30-year new purchase mortgages inched minimally higher Friday, nudging the average to 6.56%. Rates have been bobbing around the 6.5% mark for two weeks, and ended last week essentially flat vs. the previous week’s average. Most other new purchase mortgage rates also held close to steady Monday. Last 90 Days of 30-Year Mortgage […]
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The median square footage of a new single-family home has moved down to its lowest level since 2010: Builders Are Building Smaller Homes~
There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering incentives. And […]
Remote Work Is Changing How Some Buyers Search for Their Dream Homes ~
The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic […]
Mortgage Rates: Past, Present, and Possible Future ~
Mortgage Rates: Past, Present, and Possible Future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the […]
Consider all your resources : Your Tax Refund Can Help You Achieve Your Homebuying Goals
Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses. SmartAsset estimates the average […]
Before you buy, be sure to read the VA Home Loan Buyer's Guide: VA Loans Can Help Veterans Achieve Their Dream of Home Ownership
Take Away: VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guarantee benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. For over 78 years, Veterans Affairs (VA) home […]
A real estate advisor can anticipate what could happen next | work with you to put together a solid plan | guide you through the process : A Trusted Real Estate Advisor Brings You Peace of Mind
Take Away: This year, home price appreciation is slowing (or decelerating) from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022 If you’re a homeowner or are planning to become one soon, you’re probably […]
Great News About Housing Inventory [INFOGRAPHIC]
YOUR TAKEAWAY Active listings will grow 15.0% year-over-year as the inventory recovery accelerates in 2H 2022; higher home sales prices (+6.6%) and mortgage rates (to 5.5%) add to affordability issues Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If […]