Spring is a Great Time to Buy a Home!!

Spring is a Great Time to Buy a Home!!

Here are four reasons why Spring is a great time to buy a home.

Rising Prices

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 ...

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How Interest Rates Change Daily

The mainstream mortgage market is no longer run or controlled by the banks. Wall Street has replaced the traditional bank and now pulls purse strings of this vast mortgage market via “mortgage backed securities.”  A mortgage backed security (MBS) is simply a bond instrument in which anyone can invest. MBS’s are trading in the free and open market everyday just like stocks and bonds.  The collateral for this investment is a group or “pool” of home mortgages just like the ...

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