With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t...
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as...
What is home equity and why do I need it? This is a common question, but an important one. Building equity is a large part of owning a home because it can build wealth over time.
Consumers and homeowners are taking advantage of some of the lowest rates the housing industry has seen in years. Real estate is expected to hold strong through to 2021 while mortgage rates are anticipated to stay low. These days, we’ve learned anything can happen.
Demand saw 25 percent above ‘pre-pandemic levels’ as eager buyers entered the summer market during state re-openings. Redfin reported that purchase applications for mortgages had a nine-week consecutive gain by the end of June, making it the highest it’s been in 11 years
Plenty has changed in 2020. In the financial world, recent pandemic limitations pushed digitization to meet the high demand for continuing existing and new transactions; in fact, 82 percent of financial institutes expect to increase their use of technology.
Home equity is a leading factor in the housing market. Currently, homeowners today have more value in their homes, than what they owe.
The conditions were set for a very competitive housing market. Mortgage rates, housing inventory and unemployment rates were all at record lows. And then COVID-19 changed everything.
A lot has happened this week since the coronavirus (COVID-19) outbreak turned pandemic. There’s plenty of commotion going around due to uncertainty of how things will pan out. How does something like the COVID-19 have any relevance to the real estate and mortgage industries?
It was just announced that coming this summer, FICO will be changing the formula for how credit scores are calculated. With about 90 percent
Every month Tim shares important market trends and real estate news.
Every month Tim shares important market trends and real estate news.
Tim loves to connect with new people online and in person