by Tricia Herbert | Jul 10, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Hey, have you heard about the current state of the US housing market? There’s no question that home prices are cooling down after the rapid price increases we saw during the pandemic. Home prices fell year-over-year in February for the first time in 131 months, which...
by Tricia Herbert | Apr 16, 2022 | Homebuyers, Mortgage Rates
It is time to buy your first home! Making this purchase is such an overwhelming process, and we want to make it as easy for you as possible. The best way to do that is to be ahead of the game. Before you jump into a new mortgage, learn how to prepare to get the best...
by Tricia Herbert | Jan 14, 2022 | Buying a Home, Housing Market Updates, Mortgage Rates
Timing is everything: Very often, a seller asks, “We can always come down later — right?” Historically when your house goes on the market, the most significant potential for buyer traffic is in the first 30 days, by pricing it high to drop the price later. Showings...
by Tricia Herbert | Jan 14, 2022 | Down Payments, Home Buying, Interest Rates, Mortgage Rates
While it’s challenging to buy a home with a down payment, programs exist that allow qualified buyers to put down as little as 3.5%. A VA Loan will let you put down 0%. Why would anyone put down as much as 20%? It Will Lower Your Interest Rate A 20% down payment...
by Tricia Herbert | Jan 14, 2022 | Housing Market Updates, Mortgage Rates
Mortgage rates remain near historic lows but will probably rise in 2021. But even with a mortgage rate in the 3% range, there are traps to be avoided if you want a mortgage at all. Primary among these traps is the debt-to-income ratio (DTI). A recent study by...
by Tricia Herbert | Dec 14, 2021 | Home Buying, Mortgage Rates
In December, mortgage rates remain stable. The 30-year fixed mortgage rate moved lower from 3.10% to 3.11% during the week ending 12/9/2021. It seems that Investors are optimistic that the omicron variant of Covid-19 will not have a significant impact on markets. ...
