The Reason Mortgage Rates Are Projected to Increase and What It Means for You

by hjadmin | Feb 23, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates...

Where Have All the Houses Gone?

by hjadmin | Feb 22, 2021 | For Buyers, For Sellers, Housing Market Updates, Pricing, Selling Myths

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take...

Home Mortgage Rates by Decade [INFOGRAPHIC]

by hjadmin | Feb 19, 2021 | First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home...

Will Low Mortgage Rates Continue through 2021?

by hjadmin | Feb 18, 2021 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate...

3 Ways Home Equity Can Have a Major Impact on Your Life

by hjadmin | Feb 17, 2021 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Rent vs. Buy

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased...

Millennials: Is It Time to Buy a Bigger Home?

by hjadmin | Feb 16, 2021 | For Buyers, For Sellers, Move-Up Buyers

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and...