Freddie Mac reports that the average rate for a 30-yr fixed mortgage is at 3.51%. To obtain that rate a borrower would have to pay 0.7 in points and fees.
Real Estate with Tyson- What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to bu […]
- Last Chance! Homes are a Bargain Compared to Historic NormsA loaf of bread used to be a nickel. A movie ticket was a dime. Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to […]
- Selling Your Home? Make Sure the Price is Right!If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory […]
- What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]
