Interest Rates

Posted by Monica Foster On January 18, 2019 In General Information

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to [...] Read More

Monica Foster January 18, 2019

Posted by Monica Foster On January 11, 2019 In General Information

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to [...] Read More

Monica Foster January 11, 2019

Is the Recent Dip in Interest Rates Here to Stay?

Posted by Monica Foster On January 9, 2019 In General Information

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s [...] Read More

Monica Foster January 9, 2019

Excited About Buying A Home This Year? Here’s What to Watch

Posted by Monica Foster On January 2, 2019 In General Information

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move [...] Read More

Monica Foster January 2, 2019

Posted by Monica Foster On December 28, 2018 In General Information

Some Highlights: Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a [...] Read More

Monica Foster December 28, 2018

24 Hours that Suddenly Improved the Market

Posted by Monica Foster On December 27, 2018 In General Information

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months [...] Read More

Monica Foster December 27, 2018

How to Save Thousands of Dollars in Interest on Your Mortgage

Posted by Monica Foster On December 26, 2018 In General Information

One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to [...] Read More

Monica Foster December 26, 2018

What If I Wait A Year to Buy a Home?

Posted by Monica Foster On December 10, 2018 In General Information

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a [...] Read More

Monica Foster December 10, 2018

Where Are Interest Rates Headed in 2019?

Posted by Monica Foster On December 5, 2018 In General Information

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when [...] Read More

Monica Foster December 5, 2018

Why Has Housing Supply Increased as Sales Have Slowed Down?

Posted by Monica Foster On November 7, 2018 In General Information

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes [...] Read More

Monica Foster November 7, 2018

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