Let’s Talk Mortgages

by Carole Hiu Miller | Sep 14, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates

Hey folks, let’s talk mortgages and what’s been happening lately.   First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...

Why Is Housing Inventory So Low?

by Carole Hiu Miller | Sep 14, 2023 | Buyer & Seller, Housing Market Updates, Interest Rates

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough...

Mortgage Rates: Past, Present, and Possible Future

by Carole Hiu Miller | Sep 6, 2023 | Housing Market Updates, Interest Rates

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of...

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

by Carole Hiu Miller | Aug 22, 2023 | Buyer, Buying Myths, Interest Rates

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s...

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

by Carole Hiu Miller | Aug 4, 2023 | Buyer & Seller, Housing Market Updates, Infographic, Interest Rates, Pricing

Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on...

How Inflation Affects Mortgage Rates

by Carole Hiu Miller | Aug 3, 2023 | Buyer, Buying Myths, Housing Market Updates, Interest Rates

When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to...