1. The Impact Your Interest Rate Has on Your Buying Power

    Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are ex…Read More

  2. New Home Sales Race to Keep Up with Demand

    Some Highlights: Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase. The median home price decreased slightly from September’s high of $314,100 to $304,…Read More

  3. Mortgage Rates by Decade Compared to Today

    Some Highlights: The interest rate you secure for your mortgage greatly influences your monthly housing costs. In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000. Interest rates are still at historic lows; this is a great…Read More

  4. Buying Remains 36% Cheaper than Renting!

    In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Ora…Read More

  5. Do You Know the Impact Your Interest Rate Makes?

    Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying y…Read More

  6. Mortgage Rates Near All-Time Lows

    Mortgage rates hit a new 2016 low this week, and they're also nearing the lowest averages ever recorded. Freddie Mac reports the 30-year mortgage rate is close to the November 2012 record low of 3.31 percent. “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” …Read More

  7. 4 Reasons to Buy This Summer!

    Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that hom…Read More