Mortgage Rates

More entry-level homes – also known as starter homes – are popping up on the market. And after several years with very few homes available to buy and prices rising, there are finally some more options for first-time buyers. Inventory Is Increasing – Especially at Lower Price Points Over the past year, the total supply of homes for sale has improved. According to Realtor.com, in November...

What Homebuyers Need To Know About Credit Scores   Some Highlights Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type. According to Experian, the range is anywhere from 500 to 700 for the minimum credit score. That means you don’t need perfect credit to buy a home. Your credit...

Why Owning a Home Is Worth It in the Long Run Affordability, Buying Tips, Economy, For Buyers, Home Prices, Inventory, Mortgage Rates Today’s mortgage rates and home prices may have you second-guessing whether it's still a good idea to buy a home right now. While market factors are...

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble - where many homeowners owed more than their homes were worth - today’s homeowners have far more equity than debt. That’s a big part of the reason why even though mortgage debt is at an all-time high - this isn’t 2008 all over again. As Bill...

Some Highlights If you’re planning to list your house in 2025 - it’s already time to start working on any repairs. But where do you start? Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want. If your goal is to sell your house next year - connect with an agent so you...

What’s Behind Today’s Mortgage Rate Volatility? If you’ve been keeping an eye on mortgage rates lately - you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So - what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility - and what it means for you. The Market’s Reaction to...

Let’s be real – buying a home right now is tough. You’re scrolling through listings - rushing to open houses - and maybe even losing out to more competitive offers. Somewhere along the way - you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight. But here’s the thing: that’s mostly a myth....

The Big Difference Between Renter and Homeowner Net Worth Some Highlights If you’re torn between renting or buying - don’t forget to factor in the wealth-building power of homeownership. Unlike renters - homeowners gain equity as they pay their mortgage and as home values rise. That’s why - on average - a homeowner’s net worth is nearly 40x higher than a renter’s. Connect with an agent...

Should You Sell Your House or Rent It Out? When you’re ready to move - figuring out what to do with your house is a big decision. And today - more homeowners are considering renting their home instead of selling it. Recent data from Zillow shows about two-thirds (66%) of sellers thought about renting their home before listing - with nearly a third (28%) taking that possibility seriously. Compared to...

Renting vs. Buying: The Net Worth Gap You Need To See Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years - the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant. On...