REAL ESTATE INSIGHTS

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REAL ESTATE INSIGHTS2021-02-18T13:19:35-07:00
2302, 2021

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

By |February 23, 2021|

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try [...]

2202, 2021

Where Have All the Houses Gone?

By |February 22, 2021|

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, [...]

1902, 2021

Home Mortgage Rates by Decade [INFOGRAPHIC]

By |February 19, 2021|

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever. If you’re in a [...]

1802, 2021

Will Low Mortgage Rates Continue through 2021?

By |February 18, 2021|

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to [...]

1702, 2021

3 Ways Home Equity Can Have a Major Impact on Your Life

By |February 17, 2021|

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest [...]

1602, 2021

Millennials: Is It Time to Buy a Bigger Home?

By |February 16, 2021|

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home [...]

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