Purchasing a home is a major milestone for anyone, let alone a first-time homebuyer. The process is certainly exciting, but it can also be confusing or stressful – and sometimes all of the above. Here are eight tips to ensure your first homebuying experience is successful.
Rising mortgage rates have been the big story in real estate this year. However, buyers are still in the market, adjusting to the “new normal” and confident their dream home is within reach. National mortgage lender – and @properties Christie’s International Real Estate strategic partner – Proper Rate, notes that thoughtful planning and a wide range of available loan products can help buyers and sellers deal with the evolving market conditions.
Unless you were recently rescued from a desert island or returned to earth from deep space, you’ve probably heard the news that mortgage interest rates have been on the rise. In fact, the average rate on a 30-year fixed-rate mortgage has almost doubled since the beginning of the year. But buyers who have been battling rising rates aren’t entirely powerless against the trend, and one tool for locking in below-market rates has been gaining favor – mortgage points.
Mortgage points haven’t been in the home-finance conversation for a while because interest rates have maintained a historic downward trajectory for the past 15 years. However, in today’s rising-rate environment, “paying points” is worth a closer look.
As the COVID-19 crisis continues to evolve, volatility and uncertainty have swept through the financial markets.
Borrowers saw wild swings in interest rates over the last few weeks and were left to wonder whether they could still qualify for specific loan amounts and close on pending transactions.
Amidst the chaos, Guaranteed Rate has been a steady ship in rough waters. We asked them to answer a few questions pertaining to the impacts market volatility has had on the mortgage industry, and they responded with some helpful guidance. Read, share, enjoy and contact your trusted Guaranteed Rate loan officer with any questions.
Last month, the Federal Reserve implemented its second interest rate hike of the year and indicated there could be two more rate hikes to come in 2018. Understandably, the news created some buzz in the housing market as the Fed Funds Rate affects mortgage rates.
While mortgage rates have been gradually on the rise, it shouldn’t deter prospective buyers from purchasing a home if they have the means to do so. Here are a few things home buyers and sellers should keep in mind:
No matter where you are in your real estate journey, the idea of never having to make a rent or mortgage payment again is probably pretty appealing, right?
If you pay cash to buy your next home, that could be a reality. Continue reading