What’s Ahead For Mortgage Rates This Week – September 21, 2015

Whats Ahead For Mortgage Rates This Week September 21 2015Last week’s economic releases included several reports related to housing. The Wells Fargo/NAHB Housing Market Index achieved its highest reading in nearly 10 years. Housing Starts dipped in August and Building Permits issued in August exceeded July expectations. The week’s big news was actually no news. The Fed’s Federal Open Market Committee decided not to raise interest rates. Fed Chair Janet Yellen followed up on the FOMC statement with a press conference and said that the Fed is not yet ready to raise rates, but that a majority of FOMC members are prepared to raise rates before year-end. Continue reading

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Home Sales Tips: How to Market the Community Around Your Home to Prospective Buyers

Home Sales Tips: How to Market the Community Around Your Home to Prospective BuyersSelling a home is more than real estate listings and making the home appealing to potential buyers. One factor to take into account when buying a home is its location, meaning the community surrounds the home. Continue reading

Home Buyer’s Remorse: 3 Strategies That Will Help You Avoid Making Mistakes when You Buy

Home Buyer's Remorse: 3 Strategies That Will Help You Avoid Making Mistakes when You BuyIt might seem like selling a home and moving to a new place is enough pressure on its own, but buyer’s remorse is a well-known phrase for a reason. If you’re currently considering a home and are concerned about taking the plunge into purchasing, here are three strategies you will want to utilize before making a final decision. Continue reading

NAHB: Builder Confidence Hits Highest Rate in 9 Years; Fed Doesn’t Raise Rates

Whats AheNAHB Builder Confidence Hits Highest Rate in 9 Years Fed Doesnt Raise Ratesad For Mortgage Rates This Week September 8 2015The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index reported that home builder confidence rose by one point to a reading of 62 for September. This was the highest reading since November 2005, when the NAHB reported a reading of 68 for home builder confidence. Any reading above 50 indicates that more builders are confident about housing market conditions than those who are not. Continue reading

The Pros and Cons of Paying Cash When You Buy Your Next Home

The Pros and Cons of Paying Cash When You Buy Your Next HomeWith mortgage bubbles and real estate issues still in recent memory, one might feel that their best option is to buy their next home using cash instead of borrowing the necessary funds. In today’s article we’ll explore the pros and cons of paying cash for that next house or condo. Continue reading

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing CostsIt’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer. Continue reading

Ignore ‘The Bubble’ Talk – 3 Reasons Why This is an Excellent Time to Buy Real Estate

Ignore 'The Bubble' Talk - 3 Reasons Why Summer 2015 is an Excellent Time to Buy Real Estate It is common for those who are interested in buying real estate in the near future to tune into news stories about the real estate market, and many may have heard that there is speculation about a real estate bubble that may pop soon. While this gloomy outlook on the real estate market can strike fear in some hearts and may deter a purchase until a later date, the fact is that this is an excellent time to purchase property. In fact, there are three good reasons why potential buyers may want to start moving forward with their buying plans soon. Continue reading