Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The mortgage rate drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year Continue Reading
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession. If true, an economic slowdown does not mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a Continue Reading
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Today’s Mortgage Rates Impact Your Home Purchase. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates Continue Reading
After Closing; Who to Notify of a Change of Address? Exciting news you closed on your new home. A set of keys are in your possession. Now what? As a new homeowner exciting memories await you. With that in mind, the move-in process begins with a myriad of activities demanding your attention. Besides changing the lock(s) on your doors. Often overlooked are a few Continue Reading
Curb Appeal sells. Our first visual impression about a home is formed within 30 seconds and it’s the exterior photo or a drive by that makes the judgement. That is why homeowners should have a Master Plan to enhance the desirability of the exterior of the home. Home Buyer’s consistently rank outdoor spaces and privacy as one of the top features they are looking for. So, creatively expanding the Continue Reading
Home inspection time is usually when home buying process "gets real" for buyers. Generally, they’ve taken the time — months, sometimes years — to find “the perfect home”. Now, the inspector is going to come in and expose all the underlying warts of the home. However, as their trusted agent you have their back and will guide them through the process. Hiring a licensed Continue Reading
Fall Maintenance Check List The September fall equinox arrives when the sun crosses the celestial equator, the imaginary line in the sky above the Earth’s Equator from North to South. We already see and feel the waning sun as a reminder that winter is coming. Thus, while your energy reserves are stored, it is time to tackle the Fall Home Maintenance Check List. Check List Do Continue Reading
As a good rule of thumb, it’s always in a prospective buyer’s best interest to get a pre-approval for a mortgage when making an offer on a new home, but it’s especially important in a tight, competitive market. Why? In essence, it gives sellers relative assurance that you’re financially capable of purchasing the property they’re selling—something that a verbal commitment just can’t do. Getting Continue Reading
Life is too short to spend too much of our time worrying about ourselves or a loved one becoming ill or dying. There’s no escaping the inevitable, however, and it’s extremely important to prepare for anything and everything to ensure that our wishes and the wishes of our loved ones are carried out. When it comes to assets and belongings the best preparation starts with a list. It should be Continue Reading
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