by Stig Bergquist | Feb 8, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Understanding mortgage rate interest is essential if you’re in the market for a home or just trying to get a better handle on your current mortgage loan. When it comes to mortgages, the interest rate can be confusing—it’s not always as straightforward as we might like...
by Stig Bergquist | Sep 13, 2022 | Budget Statistics, Costs, Housing Market Updates, Mortgage Rates, Real Estate Finances
During the pandemic, the U.S. housing market was red hot. Homebound people looked for new places to live, millennials were looking for their first homes, and low-interest record rates enticed buyers. When the slowdown came, it came quickly—spurred by inflation and the...
by Stig Bergquist | Aug 4, 2022 | Advice For Buyers, Advice for Renters, Buying a Home, Mortgage Rates
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. While lower, it is still higher than the 2.80% recorded for last year at this time. Starting in January, mortgage rates rose quickly...
by Stig Bergquist | Aug 4, 2022 | Housing Market Updates, Interest Rates, Mortgage Rates, Pricing
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac says that the U.S. housing market is slowing down, whatever you name...
by Stig Bergquist | May 11, 2022 | Mortgage Rates, Real Estate Market
Despite the interest rate increase announced by the FED on May 4, 2022, mortgage rates have declined slightly as of the date this is being written. However, when put into the larger perspective, they have increased. Compared to a week ago, the mortgage rates were as...
by Stig Bergquist | Apr 14, 2022 | Buying a Home, Home Buyers, Mortgage Rates
It is time to buy your first home! Making this purchase is such an overwhelming process, and we want to make it as easy for you as possible. The best way to do that is to be ahead of the game. Before you jump into a new mortgage, learn how to prepare to get the best...
Recent Comments