Mortgage Rates Settle In the 5% Range
As inflation appears to have peaked, borrowing costs are starting to stabilize. Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year fixed-rate mortgage averaged 5.13% this week, down slightly from its...
Investors: A Real Estate Agent’s Most Powerful Partnership
As any real estate agent knows, leads are the lifeblood to success. This is why it is no secret that a high percentage of most agents’ time is dedicated to uncovering possible leads via as many conduits as possible. That being said, all leads are not created equal....
First-time buyers show more demand for mortgages, even as interest rates rise
KEY POINTS The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.65% from 5.45%. “Last week’s purchase results varied, with conventional applications declining 2% and government applications...
Mortgage Rates Rise Again, Nearing Affordability Threshold
Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®. The 30-year...
How Much Do First-Time Homebuyers Really Need To Earn To Purchase a Starter Home Across the Country?
The news has not been great for first-time homebuyers lately. True, just about every type of buyer has woeful stories to tell about today’s stressed housing market, but first-timers? They have found themselves in an unfortunate league of their own. The reason:...
7 Reasons To Buy Property Overseas Right Now
The current investment climate in the United States is volatile. The Bureau of Economic Analysis’s third-quarter GDP readings, while positive, reveal a lackluster performance by the U.S. economy. Inflation is high, and the financial markets remain unpredictable....
7 Bathroom Design Trends Going Away In 2023
The bathroom is one of the most important rooms in the home. Not only is it a sanctuary, but it’s also a space where the right design choice can add value. 2022 was a unique year for bathroom trends because it didn’t appear that there was anything majorly new,...