Freddie Mac reports that the 30-yr fixed rate is at 4.53%. To obtain that rate, a borrower would have to pay 0.7 in points/fees. Most economist feel that rates will trend into the low 5% range by 3rd quarter 2014, slowly inching up as Tapering continues.
- How Homeownership Can Bring You JoyIf you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. […]
- Why Rising Mortgage Rates Push Buyers off the FenceIf you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re […]
- If You’re a Homeowner, You Have Incredible Leverage When You Sell TodayIn today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy […]
- How Homeownership Can Bring You Joy