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Archives

What Does the Rest of the Year Hold for the Housing Market?

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May 31, 2022 - General Information
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year [...] Read More
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Monica Foster May 31, 2022

Why Rising Mortgage Rates Push Buyers off the Fence

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May 17, 2022 - General Information
If 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 [...] Read More
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Monica Foster May 17, 2022

How Today’s Mortgage Rates Impact Your Home Purchase

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May 9, 2022 - General Information
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly [...] Read More
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Monica Foster May 9, 2022

2022 Housing Market Forecast

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May 6, 2022 - General Information
Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another [...] Read More
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Monica Foster May 6, 2022

How Homeownership Can Help Shield You from Inflation

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April 26, 2022 - General Information
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a [...] Read More
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Monica Foster April 26, 2022

How To Approach Rising Mortgage Rates as a Buyer

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April 20, 2022 - General Information
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. [...] Read More
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Monica Foster April 20, 2022

Where Are Mortgage Rates Headed?

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April 13, 2022 - General Information
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and [...] Read More
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Monica Foster April 13, 2022

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

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March 30, 2022 - General Information
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just [...] Read More
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Monica Foster March 30, 2022

What You Can Expect from the Spring Housing Market

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March 24, 2022 - General Information
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising [...] Read More
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Monica Foster March 24, 2022

This Spring Presents Sellers with a Golden Opportunity

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March 14, 2022 - General Information
If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. [...] Read More
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Monica Foster March 14, 2022
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

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