Check out the video for an Interest Rate Update from Scott!!Continue Reading →
Since the end of May, interest rates have continued to improve. While this is not happening in a straight line, the trend has been in a positive direction for mortgage rates. Especially over the last three weeks we have seen some dramatic swings from day-to-day. Depending on your personal situation, interest rates for the most part have dropped into the mid to high 3% range, if you are a solid borrower.
The rate you get quoted considers many ...Continue Reading →
Oddly enough, long-term interest rates started the year just slightly higher than they were one year ago. We had a few periods during the course of last year where rates were slightly above 5% for a 30 year fixed. With the recent volatility in the stock market and analysts starting to predict a recession in the next couple of years, interest rates have come down significantly since October, when they last peaked.
We now stand in the mid ...
In our first video blog entry, Scott talks about restructuring your mortgage to help consolidate debt.
Until Next Time!!
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Categories: Articles, Atlanta Housing Market, Benefits of Ownership, Blog, Education, Featured Articles, First Time Buyers, Home Buyers, Interest Rates, Interest Rates, Misconceptions, Mortgage Tip Videos, The Buying Process, Vlog
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IS YOUR BANK THE BEST PLACE TO GO? – Part 2
Last time, we presented a few things to consider if you are thinking about financing for your new home. Specifically, should you use a local bank or a Mortgage Banker? It may seem like the logical step is to call your bank. They have your banking accounts and since the Bank has your financial information, the process will be easier. Unfortunately, this is rarely the case. ...Continue Reading →
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Since I last wrote this update back in April, interest rates have been amazingly steady. The Federal Reserve raised short-term rates again in June. That is having a direct impact on adjustable rate mortgages (that are now adjusting), home equity lines of credit, and car loans. The prime rate has now risen from 3.25% in 2015 to 5% today. They have penciled in two more increases this year potentially, which would bring it up to 5 ...Continue Reading →
According to the recent Home Price Index Report by CoreLogic, home prices have increased nationally by 6.7% year-over-year. During that same period, interest rates have stayed at near historic lows. This has allowed many buyers to enter the marketplace.
If you are selling your home, your concern is likely to be the short-term price (which is where the values are heading over the next few months). If you are positioned to be a ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Benefits of Ownership, Blog, Education, Fannie and Freddie, Featured Articles, Finding Your Home, First Time Buyers, General, Home Buyers, Interest Rates, Interest Rates, Misconceptions, Time Frame, Uncategorized
Here are four reasons why Spring is a great time to buy a home.
According to CoreLogic’s latest Home Price Index report, home prices have appreciated by 6.6% over the last 12 months and prices will continue to rise over the next year (approximately 4.3%). If you are waiting for the bottom of the market with regards to home values, waiting no longer makes sense; The bottom has come and gone.
Increasing Interest Rates
Freddie Mac’s Primary Mortgage ...Continue Reading →
Categories: Articles, Benefits of Ownership, Blog, Education, Fannie and Freddie, Featured Articles, Finding Your Home, First Time Buyers, General, Home Buyers, Interest Rates, Interest Rates, Misconceptions, The Buying Process
Just like clocks recently did in most of the country, the housing market will soon “spring forward!” According to Alexandra Lee and Ralph McLaughlin of Trulia, there was a 10.5% decrease in US home inventory in Q4 2017. This lack of inventory is like tension in a spring waiting to be released and that is what is holding back the market right now.
Traditionally, sellers believe that waiting until Spring is in their ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Benefits of Ownership, Blog, Education, Featured Articles, Finding Your Home, First Time Buyers, General, Home Buyers, Interest Rates, Loan Programs, Misconceptions, Realtors, The Buying Process, Uncategorized
What does the New Year of 2018 have in store for the housing market?? Consider the following few things:
1. Both home prices & values are expected to rise moderately. The Atlanta Metro area homes, in particular, are expected to have an increase of around 5%. Rental rates, finally, will not rise near as ...Continue Reading →