Mortgage Rates

Buyers Mortgage Rates Will Come Down, It’s Just a Matter of Time | Lynne MacFarlane Homes Mortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year […]
Economy Two Questions Every Homebuyer Should Ask Themselves Right Now Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no […]
Buyers Three Reasons Homebuyers Are Ready to Purchase This Year A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below): Let’s break down why these […]
Mortgage Rates Why Is So Much Paperwork Required to Get a Mortgage? Why Is So Much Paperwork Required to Get a Mortgage? When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers […]
Articles Mortgage Rates Decline – Great Time for Buyers to Come Back If you were discouraged as a home buyer a year ago or were worried about interest rates going up, take a look again, and meet with your lender or if you don’t have one, feel free to contact me for a referral to help you prequalify. Prequalification is how lenders determine if you fit the […]
Mortgage Rates 3 Graphs that Show What You Need to Know About Today’s Real Estate Market The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates. Interest Rates: “The real estate market is thawing […]
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