There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that […]

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away soon. But as a homebuyer, what do rates above 3% mean? Today’s […]

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more houses for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the […]

Some Highlights.

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: […]

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more homes for your money. That’s why experts across the industry agree – today’s low rates present […]

With home prices rising, many, including real estate agents, are wondering if we’re in a housing bubble like the country experienced roughly a decade and a half ago. In this comprehensive housing bubble comparison, we’ll examine three reasons why this market is totally different from the bubble market of the mid-2000s. 1. The housing market […]

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s […]

The FHA loan is the most popular government-backed home loan in the country. These low-down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration (FHA). FHA loans require just a 3.5% down payment for borrowers with a 580 credit score or higher. For homebuyers with less-than-perfect credit, FHA loans offer […]