We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks
Category: Housing Market Updates
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Where Have All the Houses Gone?Where Have All the Houses Gone?
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of
Home Mortgage Rates by Decade [INFOGRAPHIC]Home Mortgage Rates by Decade [INFOGRAPHIC]
Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking
Will Low Mortgage Rates Continue through 2021?Will Low Mortgage Rates Continue through 2021?
With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie
3 Ways Home Equity Can Have a Major Impact on Your Life3 Ways Home Equity Can Have a Major Impact on Your Life
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage)
Millennials: Is It Time to Buy a Bigger Home?Millennials: Is It Time to Buy a Bigger Home?
In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered
The Luxury Market Is Attracting Buyers in 2021The Luxury Market Is Attracting Buyers in 2021
As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury
3 Reasons We’re Definitely Not in a Housing Bubble3 Reasons We’re Definitely Not in a Housing Bubble
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in
6 Foundational Benefits of Homeownership Today6 Foundational Benefits of Homeownership Today
Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual
Thinking about Building a New Home? Your Agent Is Critical. [INFOGRAPHIC]Thinking about Building a New Home? Your Agent Is Critical. [INFOGRAPHIC]
Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing