MORTGAGE RATES UPDATE

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 week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in…

HOME-OWNERSHIP IS THE KEY TO BUILDING WEALTH

Financial security and homeownership are especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.”  Here…

THIS IS THE YEAR TO BUY A HOME

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census…

PRE-APPROVAL IS KEY IN TODAY’S MARKET

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the home buying process. What does that mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter before making an offer. Here’s why. Being intentional and competitive are…