Mortgage Interest Rates Have Begun to Level Off
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of […]
What Is Private Mortgage Insurance (PMI)?
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What […]
Monday Morning Coffee April 9
Investors are divided about whether there will be three or four federal fund rate hikes this year, but as widely expected, the first 25 basis point hike in 2018 took place in March. Investors were much more interested in the projections of Fed officials for the pace of future rate hikes. Expectations are increasing in…
US Housing Market Still In ‘Buy Territory’!
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better to […]
VA Loans by the Numbers [INFOGRAPHIC]
Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership.
In 2017, $188 billion was loaned to veterans and their families through the program.
VA Purchase Loa…
House Prices: Simply a Matter of Supply & Demand
Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a commodity, product, or service available and the […]
What Should You Look for In Your Real Estate Team?
How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent is […]
Monday Morning Coffee April 2
If you read this real estate update frequently, you know that multiple factors affect your mortgage rates each and every week. Recent employment statistics were negative for mortgage rates, but weaker than expected wage growth limited the impact, so rates changed very little. Against a consensus forecast of 205,000, the economy gained an enormous 313,000…