With the Federal Reserve announcing another rate hike last week, we are watching to see what this will mean for mortgage rates and the housing market in general. The good news, it appears this may be the last hike according to several articles we found online. Okay, no one can guarantee what the Fed will…
For many looking to move, current market conditions and mortgage rates have them feeling like this goal is unattainable. Home prices continue to rise and mortgage rates are hovering around 6%, with no sign of relief for either. While buying a home right now is more expensive, it is not completely out of your grasp…
Interest Rate Hikes Lead to Questions With yesterday’s news that the Federal Reserve (aka the Fed) may raise interest rates again, many homebuyers may be considering what their next move is. Do they continue to house hunt? Is now still the right time to buy a home? Should they leap at the next house that…
As 2022 comes to a close and we sit back to reflect on the ups and downs of this year’s housing market, we can’t help but wonder what’s in store for 2023. According to several articles and predictions we’ve browsed, 2023 could be tough for both buyers and sellers. A recent article posted on Bankrate…
In today’s post we address mortgage rates, where they are headed and what this will mean for the real estate industry; particularly buyers, sellers and home prices. Mortgage rates were expected to rise in 2022. At an all-time low in 2021, many forecasted that mortgage rates would rise gradually and end this year in the…
The biggest story in real estate hasn’t changed much over the past few months. Inventory of homes for sale remains low, while demand remains high. It doesn’t appear this tale is set for a plot twist anytime soon either. According to several recent blog posts since the turn of the year from Keeping Current…
As we enter the New Year, it’s a time for predictions. What will the 2022 real estate market look like? If you are planning on buying or selling this year, we know this question is top of mind. While no one can predict the future, it seems we may see some similarities to 2021.…
Given the low interest rates we are currently seeing for mortgages, my husband and I decided to refinance at the end of 2020. We’ve lived in our home for almost five years, and this is certainly not our first rodeo. This is the third house we’ve owned and we’ve been through the buying, selling…
A strong seller’s market has home equity hitting new highs. Interest rates remain low and buyers are not the only ones hoping to take advantage. These facts have homeowners wondering if now might be the right time for them to refinance their mortgage and pull out cash. According to CoreLogic, a provider of consumer,…
Last week, in our Journey Home newsletter we included our first, of hopefully many more, Partner Corner section. This Partner Corner featured content shared by RMS Mortgage on their social page about the fed rate cut and what this means for mortgage rates. Something that confused many, including me I’ll admit. Our friends at…
