Why Mortgage Rates Could Continue To Decline   While reading or hearing about the housing market, you'll come across some talk of inflation or recent choices made by the Federal Reserve (the Fed). But how do those two things change your plans to buy a house? Read this to learn more.   Fed Funds Rate Hikes Have Stalled Bringing down inflation is one of the Fed's main goals. In order to do that, the Federal Funds Rate was raised to make the... [read more]

Should I Move with Today’s Mortgage Rates?   Some people put off moving because of rising mortgage rates over the last few years. It's possible that you did too, since you didn't want to sell and get a bigger mortgage on your next house. Is that still the best plan for you, though? In the current market, more homeowners are getting used to the rates and think it might be time to move. Mark Zandi, Chief Economist at Moody's Analytics, says it this... [read more]

People Around the Country Want Homes That Cost Less, and Builders Are Responding There are two main things that make it hard for buyers to afford homes in today's market: mortgage rates that are higher than they have been in the past couple of years and rising home prices caused by a lack of homes for sale. To deal with these problems, a lot of people are working with their local real estate agents to find homes that cost less. And because there are more newly built houses entering... [read more]

You may want to share this with your friends! Mortgage rates are at a 20 year high, but it’s still below the 40-year average. Build equity, refinance later. Yesterday was the best time to buy. Today is the next. Tomorrow is an option. Waiting always creates regret with “I could/should have.” Keep in mind that once rates drop, more buyers will come in the market. That means more competition than there is now! Do you need help to see if you can... [read more]

The Impact of Changing Mortgage Rates [INFOGRAPHIC] Some Highlights If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power. These charts show how rates generally affect your monthly payment. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and... [read more]