Lately, homeowners have been turning to their equity for their cash needs. After all, most already have a super low fixed mortgage rate and don’t… Read More »Three Key Differences Between HELOCs and Home Equity Loans
The big NAR settlement is expected to be finalized next week, but the changes already took effect back in August. They include needing a written… Read More »It’s Okay to Negotiate with Your Real Estate Agent
Lately, I’ve been a hearing a lot of people say that mortgage rates are “average” or “normal.” As in, they aren’t high or low. They’re… Read More »Normal Mortgage Rates? The Average Mortgage Rate Since 1972 Is Roughly 7.75%
Recently, a lot of people have argued that we won’t return to lower mortgage rates. That there’s no possible way we can go back to… Read More »What Does It Actually Mean to Return to Lower Mortgage Rates?
If you’ve been home shopping since early 2022 when mortgage rates surged higher, you’ve likely come across the buydown. The buydown is used to lower… Read More »Do the Home Builders Need to Offer Mortgage Rate Buydowns to Make the Math Work?
While mortgage rates have already seen some improvement since the election dust settled, they remain quite elevated. At last glance, the 30-year fixed was hovering… Read More »Can Mortgage Rates Improve Much Before Trump’s Inauguration?
It’s a tale as old as time. Someone attempts to time the market, only to fail miserably. Then they either miss out completely, or chase… Read More »Don’t Attempt to Time the Housing Market
I sometimes wonder with so little equity extracted this cycle if it’s still early innings for the housing market. At least in terms of the… Read More »Is This Housing Market Cycle Just Getting Started?
It’s been no secret that most everyone thinks mortgage rates will be higher under President Trump. But because it’s been so telegraphed this time around,… Read More »What Will Happen to Mortgage Rates During Trump’s Second Term?
The National Association of Realtors (NAR) reported that the first-time home buyer share fell to a historic low of just 24%. That was down from… Read More »First-Time Home Buyer Share Hits Record Low: Why That Might Be a Good Thing
