The cost of waiting to buy a home

Thinking of waiting another year or two to buy a home? If home prices and mortgage rates increase in the next year or two, home buyers could end up with significantly less buying power than they have today. Today’s mortgage rates are near historic lows. But they aren’t expected to stay that way. Various housing groups and economists are predicting mortgage rates will rise to between 4.5% and 5% by the end of the year. The National Association of Realtors also is expecting home prices to increase in 2018 by an average of 3.2 percent nationally, with the highest appre...

March 7th, 2018 | First-Time Homebuyers, Home Buying Tips, Home Values, Interest Rates, The cost of waiting to buy a home

Should You Take Advantage of Lower Mortgage Rates?

Have you checked mortgage rates lately? Fixed mortgage rates have been hitting a low for the year. Whether you’re a home buyer, homeowner or home seller, the dip in mortgage rates could be a benefit to you.Today’s low mortgage rates also have made home ownership more affordable than it has been in years. Whether you’re thinking about buying your first home, making a move to a large one or purchasing a second home or rental, low mortgage rates can stretch your purchasing power.Thinking about refinancing? It’s no surprise that refinancing activity has incre...

September 19th, 2017 | Refinance, Interest Rates, Should You Take Advantage of Lower Mortgage Rates?