mortgage rates

Top Reasons Homeowners Are Selling Their Homes

Are you on the fence about selling your home? If so, check out some of the reasons other homeowners are choosing to sell today despite trading in their lower mortgage rate for a higher one:     Some homeowners may not want to sell their homes because they don't want to lose their historically low mortgage rate on their current home. You might feel the same way if you're considering...

Don’t Put Off Buying A Home Waiting On 3 Percent Rates

Are you thinking you should wait for rates to drop to 4% or maybe even 3%?  Then Watch this: The Federal Reserve took action to try and lower inflation last year. Mortgage rates quickly increased in response to such initiatives from the all-time lows we experienced in 2021, reaching a peak of just over 7% last October. As a result, prospective buyers' purchasing power was reduced, which led to some of...

Should You Buy a Home with Inflation This High?

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing...

The Drop in Mortgage Rates Brings Good News for Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph...

Compare listings

Compare