Buying Can Mortgage Rate Changes Impact Your Homebuying Power? If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know. What’s Happening with Mortgage Rates? Mortgage rates have been […]
Buying What Credit Score Do You Really Need To Buy a House? When you’re thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says: “Good credit scores communicate to […]
All Are There More Homes for Sale? One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your […]
Videos How To Prepare For Home Inspections
All Mortgage Rates Like These Not Seen In A Year Freddie Mac today released the results of its Primary Mortgage Market Survey®  for the week ending August 8, 2024, showing the 30-year fixed-rate mortgage (FRM) averaged 6.47 percent. “Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market […]
Selling Where Will You Live After You Sell? If you’re planning to sell your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of homes for sale has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too. So how do […]
All Mortgage Rates Down a Full Percent from Recent High! Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish. Mortgage […]
All You Can Negotiate If you haven’t already heard, homebuyers are regaining some negotiating power in today’s market. And while that doesn’t make this a buyer’s market, it does mean buyers may be able to ask for a little more. So, sellers need to be ready for that possibility and know what they’re willing to negotiate. Whether you’re looking to buy or sell a house, […]
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Videos This ain’t like the last time! Back in 2008, there were too many homes on the market. Today, it’s just the opposite. The three main sources of inventory show this isn’t like the last time.
All Not Seen Since February Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending August 1, 2024, showing the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent. “Mortgage rates declined to their lowest level since early February,” said Sam Khater, Freddie Mac’s Chief Economist. “Expectations of a Fed rate cut coupled with signs of […]
All Should You Rent Out or Sell Your House? Figuring out what to do with your house when you’re ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth? It’s a question many homeowners face, and the answer isn’t always straightforward. Whether you’re curious about the […]
All Big Mistakes Sellers Are Making Right Now The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing. And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And […]
All Are Home Prices Going To Come Down? Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what Danielle Hale, Chief Economist at Realtor.com, says:  “In stock […]
All Little Change from Last Week in Mortgage Interest Rates There’s been little change this week in mortgage interest rates.  Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent. “Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,” said Sam Khater, […]
All How Does the Economy Impact Mortgage Rates? As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control […]
All Newly Built Home May Be More Budget-Friendly If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. […]
Videos Dear Homebuyer, Are you making these mistakes?  
All How Affordability and Remote Work Are Changing Where People Live There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it. Consider Moving to a More Affordable Area Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested […]
Buying Unlock Homebuyer Opportunities in 2024 There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused […]
Selling A Little Paint Goes A Long Way Why Fixing Up Your House Can Help It Sell Faster  If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: “Buyers are still out there and they’re willing to pay […]