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

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 are no guarantee rates will remain this …

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Why Owning a Home Is a Powerful Financial Decision

Synopsis If you’re ready to start feeling the benefits of stability, savings, and predictability that come with owning a home, let’s connect to determine if buying sooner rather than later is right for you. Article In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, …

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The Importance of Home Equity in Building Wealth`

Synopsis Home equity, for most Americans, is the quickest way to build household wealth. That wealth gives homeowners more options during good times and in difficult situations. The Importance of Home Equity  Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part …

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With Home Values Surging, Is it Still Affordable to Buy Right Now?

At A Glance Home purchase affordability is still in a historically good place. However, we need to watch price increases in the future. As Mark Fleming, Chief Economist at First American noted in a recent post: “Faster nominal house price appreciation can erode, or even eliminate, the boost in affordability from lower mortgage rates, especially if household income growth …

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Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

If you’re currently in forbearance or think you should be because you’re concerned about being able to make your mortgage payments, reach out to your lender to discuss your options and next steps. Having a trusted and knowledgeable professional on your side to guide you is essential in this process and might be the driving …

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