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Archives

Mortgage Rates & Payments by Decade

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August 14, 2020 - General Information
Some Highlights Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of [...] Read More
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Monica Foster August 14, 2020

Homes Are More Affordable Right Now Than They Have Been in Years

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August 13, 2020 - General Information
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making [...] Read More
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Monica Foster August 13, 2020

Current Buyer & Seller Perks in the Housing Market

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August 11, 2020 - General Information
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, [...] Read More
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Monica Foster August 11, 2020

2020 Homebuyer Preferences

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August 7, 2020 - General Information
Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money [...] Read More
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Monica Foster August 7, 2020

Today’s Buyers Are Serious about Purchasing a Home

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August 4, 2020 - General Information
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a [...] Read More
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Monica Foster August 4, 2020

Homeownership Rate Continues to Rise in 2020

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July 29, 2020 - General Information
So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 [...] Read More
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Monica Foster July 29, 2020

Guidance and Support Are Key When Buying Your First Home

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July 28, 2020 - General Information
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March [...] Read More
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Monica Foster July 28, 2020

Mortgage Rates Fall Below 3%

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July 17, 2020 - General Information
Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to [...] Read More
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Monica Foster July 17, 2020

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

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July 15, 2020 - General Information
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which [...] Read More
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Monica Foster July 15, 2020

Taking Advantage of Homebuying Affordability in Today’s Market

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July 7, 2020 - General Information
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready [...] Read More
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Monica Foster July 7, 2020
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

Houston – Clear Lake – League City
Pasadena – Baytown – Beaumont
Galveston – Pearland – Sugarland
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