If dealing with COVID-19 isn’t enough to handle, you still need to be prepared for hurricanes, floods, wildfires, and other naturally occurring disasters depending on where you live geographically. If you live in areas that are regularly affected by these events, there are simple steps you can take to protect your home and personal information. …
Record low rates are enticing buyers back into the market
Buyers continue to show confidence in the housing market as they are jumping back into the game! With mortgage rates at record lows, it is a great time to purchase a home or refinance your existing mortgage. Purchase applications are up 4% from last week according to the Mortgage Bankers Associations seasonally adjusted index. Experts …
Five things you can do to get your home ready to hit the market post-coronavirus
The Cororonavirus has disrupted just about everything this spring, and that includes the Spring Real Estate Market in a big way. March, April, and May are usually the busiest months for prospective buyers and realtors to be out and about looking at communities and homes. By this time, homebuyers have chosen their home and made …
Fed Rate Cuts in Response to Coronavirus
In an attempt to stabilize the economy in response to the coronavirus pandemic, the Federal Reserve on Sunday decided to buy $200 billion of mortgage-backed bonds, a move that should stabilize and likely lower mortgage rates. The central bank also reduced rates to zero to 0.25%. Both of these moves are part of a larger …
Why are mortgage rates so low?
Interest rates are at their lowest level in many years. They were heading down steadily before investors fled to the bond market in response to the COVID-19 coronavirus outbreak. When investors take money from the stock market and invest in treasury bonds, the treasury note yield goes down. When the demand for bonds goes up, …
Found your dream home? Here’s how to put your offer on fast-pass!
You have searched for months and finally found a house you think you can call home. Now, you need to make an offer, and it can be a stressful and intimidating process. Inventory is very low right now, so knowing what price to offer is essential and can make the difference between you getting the …
