WHY ARE MORTGAGE RATES RISING

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey, which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac,…

YOUR AGENT IS KEY WHEN PRICING YOUR HOUSE

Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. Reach out to Martino Realty Group Professional today at charles@martino-realty.com to price your house to…

WAITING TO BUY A HOME COULD COST YOU

If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don’t assume…