When it comes to saving for a down payment, it’s important to create a budget and stick with it. The great thing is, since we’re living in a modern world, there’s an app to help you with this. A budgeting app will help you stay on track and encourage you to hit your goals faster.… Continue reading 4 Apps to Help You Create a Better Budget
Category: Financing
Is it Time to Refinance?
Whether it’s a phone call at an inopportune time or getting letters in the mail, any time mortgage rates begin to drop, you start to get notices about refinancing your home for a better rate. There’s a lot of thought that should go into the idea of refinancing your home. Like anything else, refinancing has… Continue reading Is it Time to Refinance?
Is Now a Good Time to Sell Your Home?
With high demand, rising prices and low inventory, now may seem like the perfect time to sell your home. It’s a seller’s market, which means that you may be able to close the deal on your ideal terms. But with the pandemic still tightening its grip on the country and an uncertain future, many sellers… Continue reading Is Now a Good Time to Sell Your Home?
Will Mortgage Rates Remain Low in 2021?
In 2020, homebuyers were able to enjoy lower mortgage rates that assisted them when buying homes. A lot of families that didn’t lose their income or jobs due to the coronavirus refinanced to take advantage of the low interest rates that fell below 3% for the first time. The rates fell to record lows 12… Continue reading Will Mortgage Rates Remain Low in 2021?
HOME VALUES CONTINUE TO RISE AT AN INCREDIBLE RATE
Zillow reports that home prices continued to rise in October, reaching a pace not seen since the recession. Inventory around the United States remains low, causing prices to skyrocket as much as 10%+ in some parts of the country. Home prices rose 2.2% since June, marking the largest rise in prices since 2013. The average… Continue reading HOME VALUES CONTINUE TO RISE AT AN INCREDIBLE RATE
Everything Included in Your Closing Cost
A home is one of the biggest and most exciting purchases that you’ll make in your life. Most buyers (rightfully so) focus their attention on the down payment, monthly mortgage costs, and the price of the home. But there’s one important cost that many buyers overlook: closing. These are some of the most common closing… Continue reading Everything Included in Your Closing Cost
Despite Higher Prices, Homes are More Affordable Than They Have Been in Years
The U.S. housing market is thriving despite the challenges surrounding the coronavirus pandemic. Prices are rising and homes are selling faster compared to 12 months ago. Despite higher prices, homes are still more affordable than they have been in years. Pending Sales Up 16.9% According to Zillow’s Weekly Market Report, newly pending sales are up… Continue reading Despite Higher Prices, Homes are More Affordable Than They Have Been in Years
Why Supply and Demand is Benefitting Sellers
Supply and demand are the best methods when trying to predict the path forward for the real estate market. The current health crisis has caused many would-be sellers to hold off on putting their properties on the market. The National Association of Realtors reports that existing home sales fell 17.8% in April, but pending home… Continue reading Why Supply and Demand is Benefitting Sellers
How the Housing Market is Driving the Economy
When the coronavirus hit the states in early spring, the economy experienced some major shock waves. With mortgage rates already low, aspiring home buyers were suddenly sidelined as many sellers pulled their listings off the market. Suddenly the question on everyone’s mind was, “is now a good time to buy?” While no one ever thought… Continue reading How the Housing Market is Driving the Economy
FHFA Raise Loan Limit for Conforming Loans
In November of last year, the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac are raising the conforming loan limits to $510,400. 2020 is the fourth year in a row that conforming loan limits have been increased. But, between 2006-2016, the FHFA did not raise those limits at all. So, what is a… Continue reading FHFA Raise Loan Limit for Conforming Loans