by Carole Hiu Miller | May 9, 2022 | Buyer, First Time Home Buyers, Interest Rates
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...
by Carole Hiu Miller | Apr 13, 2022 | Buyer, Housing Market Updates, Interest Rates
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more...
by carol | Mar 30, 2022 | Buyer, Housing Market Updates, Interest Rates, Pricing
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 week ago. Here’s a visual to show how...
by Carole Hiu Miller | Feb 7, 2022 | Advice for Buyers & Sellers, Housing Market Updates, Interest Rates
The primary reason for the sellers’ market experienced in most United States of America is the lack of housing. This is because demand for housing exceeds the supply. However, the good news is coming from the U.S. Census Bureau for December of 2021. More housing...
by carol | Feb 2, 2022 | Buyer, First Time Home Buyers, Interest Rates
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year...
by Carole Hiu Miller | Dec 6, 2021 | Housing Market Updates, Interest Rates, Seller
If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move. Win When You Sell Right now, conditions are very favorable for...
