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Is it a good time to buy a house?
Is It a Good Time to Buy a House? This question is one of the most common questions we see from consumers, investors, real estate agents, and many others with interest in the real estate market. The answer is ‘yes’. But it also depends on your specific situation, what’s important to you, and where…
Read MoreConventional Loan Limits Announced for 2023
The Federal Housing Finance Agency (FHFA) has released the loan limits for 2023. With this announcement, FHFA has effectively raised the limit on how many dollars can be borrowed using Fannie Mae & Freddie Mac Conventional loan products. The loan limits increased across the nation, with variances in the increases for “high cost areas”, and…
Read MoreWhat’s Happening in the Housing Market
As Q3 winds down for 2022, I wanted to provide some insights into where the housing and mortgage markets are, and what’s likely to occur going forward. If Q2 was to be summed up with one word, it would likely be volatility. We witnessed 2 aggressive Fed rate hikes, with opposite market reactions each time. Interest…
Read MoreIs The Real Estate Market Going To Crash?
Is the Real Estate Market Going to Crash? 2022 has been a year of change for the United States real estate market. Coming off of a covid-infused housing frenzy, 2020 ushered in the cheapest borrowing costs the country has ever seen, with rates on 30 year fixed mortgage dropping into the 2s, and nationwide…
Read MoreWhat Does it Mean When the Fed Raises Rates?
Will the Fed Raise Rates? Yes, and no. On Wednesday, March 16, the Fed will take an economic action that hasn’t been seen in years when they, as expected, raise the Fed funds rate. The targeted funds rate has been set at 0-.25% for years, and next week, this is expected to change. With…
Read MoreThe Bright Side of Real Estate
The real estate market is getting a lot of negative press at the moment. From some “experts” calling for a housing crash (the same ones who have been calling for a dip for over 5 years now…maybe eventually they’ll be right after another 10%+ jump in home prices this year!), to headlines about bidding wars,…
Read MoreWhy Would You Put 20% Down? Avoid PMI with Less!
Why Would You Put 20% Down? Avoid PMI with Less! In today’s world, PMI is considered a bad word in mortgage financing and home buying, and for good reason. After all, PMI doesn’t protect a borrower, it protects a lender, and in markets like we’ve recently seen, most of which are appreciating at a…
Read More2022 Market Forecast
We hope you enjoy our real estate and mortgage market forecast for 2022!
Read MoreShould I Pay Points?
Should I Pay Points? When getting a mortgage, one of the most important things to pay attention to is the cost of the loan being applied for. There are certain loan fees customers can shop for that may be drastically different from one lender to another (for example, origination/discount points, and lender fees) and some fees…
Read MoreWhy Are Credit Scores Different?
Why Are Credit Scores Different? If you’ve shopped around for any kind of loan, one of the things you likely noticed is that the credit score a lender pulls seems to be different, sometimes by quite a wide margin, from what you see when tracking your own credit scores. What gives? It comes down…
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