Home-Financing

If you’re thinking about buying a home, you likely have a lot of factors on your mind.  You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market.  While some buyers may wait things out, there’s a reason serious buyers are […]

It’s economy 101 – when supply is low and demand is high, prices naturally rise.  That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price […]

  Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers.  The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money.  That’s why experts across the industry agree – today’s low rates present […]

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit […]