This a very detailed explanation of why will continue to see rates to rise in the near future- bottom line – to take advantage of the purchasing power of the lower rates – the time to buy is now! Due to the Fed’s recent comments on raising interest rates and the speed at which they … Read more
Rates have increased a full 1.0% since December 3rd, 2021. Why are interest rates going up? Of course, there is a simple and not so simple answer. Here is the simple answer: The FED (Federal Reserve) has a board that makes decisions on short-term interest rates. The FED plans to raise short-term rates in .25% increments. The problem is … Read more
From our trusted lender partner, The Dean Team’s Joshua Dean of Homeowners Financial: I feel the need to discuss something that is happening in the market. As many of you have likely heard, Interest Rates are on the move again. Sirens have long be sounded about this day coming. Contrary to the general sentiment though, the … Read more
Where will you live when we’re all in the metaverse? Putting the ‘real’ back in real estate Real estate agents are selling property in the metaverse. Buyers are purchasing traditional homes with cryptocurrency. Companies are creating non-fungible tokens (NFTs) as digital titles for real properties. How can you wrap your head around all of these technologies in a way that’s … Read more
Rates have increased a full 1.0% since December 3rd, 2021. Why are interest rates going up? Of course, there is a simple and not so simple answer. Here is the simple answer: The FED (Federal Reserve) has a board that makes decisions on short-term interest rates. The FED plans to raise short-term rates in .25% increments. The problem is … Read more
From our lender partner, Travis Johnson: The FHFA (Federal Housing Finance Administration) announced targeted increases to second home loans in 2022. The new fees will go into effect for deliveries beginning April 1, 2022. Once a loan closes it typically takes a lender 2 weeks on average to sell it to Fannie Mae or Freddie Mac. … Read more
From our trusted lender partner, The Dean Team’s Joshua Dean of Homeowners Financial: I feel the need to discuss something that is happening in the market. As many of you have likely heard, Interest Rates are on the move again. Sirens have long be sounded about this day coming. Contrary to the general sentiment though, the … Read more
Breaking Down the Results of Forbearance on the Real Estate Market: Overall about 5 million households took advantage of forbearance.1.5 million remain in forbearance and will be exiting soon I suppose. HERE IS THE BREAKDOWN OF THE FORBEARANCE EXITS:• 28% went into deferral plan or partial claim• 23% stayed current & did not miss a … Read more
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households … Read more
The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the … Read more