How Today’s Mortgage Rates Impact Your Home Purchase 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. Mortgage rates directly impact the monthly payment ...
Continue ReadingHow To Approach Rising Mortgage Rates as a Buyer In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you ...
Continue ReadingWhy This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned ...
Continue ReadingWhat’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a ...
Continue ReadingWhat You Need To Budget for When Buying a Home When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There ...
Continue ReadingI consider this a nice little report card for all of my hard work. Making the decision to leave IT and stay home with my kids was so difficult…..emotionally and financially but I am so glad I did it. I have never worked harder, but I have never been more ...
Continue ReadingAs you are planning your move, there are a few things that you need to consider when your pets are concerned. If you are moving locally, it might be a good idea to board your pet during the actual moving day. This will minimize stress on them and on you. ...
Continue ReadingI am predicting a very similar real estate market in 2022 for the Northern VA area. Prices won’t be increasing like they did in 2021 however, we will continue to see multiple offers and bidding wars on the homes that do hit the market. So, what can you do? A ...
Continue ReadingThe Lender Your Work With Is Important The mortgage lender is one of the most important people you will work with when you buy a home. And the person or company you work with will have a huge influence on how smoothly the home purchase process goes, starting with your ...
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