Marry the House. Date the Rate.
Your mortgage interest rate is not a lifelong commitment because it’s subject to change based on market conditions and your financial circumstances. When you close on your home, you secure …
Melting in the Heat Wave of Housing Market and Economic News
Happy last week of July! As the scorching summer sun beats down upon us, it seems the housing market is not the only thing feeling the heat! Let’s take a …
APR and Teaser Rates
The Annualized Percentage Rate (APR) includes both the interest rate and various loan costs, such as closing costs and other expenses. For instance, if a borrower secures a 6% interest …
Riding the Economic Wave: Navigating Inflation, Employment, and Real Estate Ups and Downs
Welcome aboard the continued wild ride of economic updates! Grab your Cheetos and get ready to laugh and learn your way through the latest news on inflation, jobs, and real …
What are Discount Points?
Today I want to talk to you a little bit about loan discount points. A loan discount point in mortgages is going to be roughly 1% of the amount that …
The Twists and Turns of the Housing Market
A Tale of Rising Rates and Shrinking Inventory Picture this: It’s the start of the pandemic and the Federal Reserve steps onto the stage, making a bold move to slash …
Navigating the Impact of a Mortgage Application on Your Credit
Applying for a mortgage can feel like embarking on an exciting adventure, a journey toward your very own home. But like any epic trek, there are questions to be answered …
Unpredictable Economics and Ice Cream Meltdowns Await!
Get your sunglasses and beach towels ready because we’re about to dive into the scorching hot world of finance and economics this summer! In this week’s update, we’ll take a …
Why Making Big Purchases While Buying a Home can be Risky
Making big purchases while in the process of buying a home can have significant implications for your financial stability and the mortgage approval process. Here are three key reasons why …
July Update Highlights
Supply 50% below normal, and dropping Demand 19% below normal, and dropping slightly (not as drastically as we usually see in summer) New Listings Down 20.5% from this time last …