Not surprisingly, the Coronavirus and shelter-in-place orders have left some prospective home sellers and buyers playing a waiting game, unwilling to jump into the market until a sense of normalcy returns. There are still houses on the market though, and while there may be fewer people looking to make a large move or life change, other people are looking to …
The Waiting Game – When Should You Make the Move to Refinance?
Mortgage rates had already been trending lower before anyone in the United States had even heard of the Coronavirus. They finally reached a low of 3.29% during the first week of March, before drifting back up, and then down again. This rates roller coaster, actually led to a record setting increase occurring as well – 0.3% in less than a …
2.9% Mortgage Rates? It’s Possible Says Fannie Mae
According to a recent article released by the National Association of Realtors, mortgage rates could continue tumbling over the next year and eventually reach all-time lows. In fact, in Fannie Mae’s Housing Forecast report, economists predict that the average 30-year fixed-rate mortgage for 2020 will fall to 3%, and then possibly go even lower to 2.9% by 2021. This means …
How will Coronavirus Affect the Housing Market?
Spring normally ushers in the busiest time of year for the residential real estate market, but this year is different from any other in recent memory. The Coronavirus and social distancing measures intended to fight its spread are changing almost every aspect of our lives and home sales are no different. There will be some potential sellers that are no …
Current Mortgage Rates Are Amazing!
What are today’s current mortgage rates? On February 26th, 2020, the average rate on the 30-year fixed-rate mortgage is 3.55%, the average rate for the 15-year fixed-rate mortgage is 3.104%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 3.687%. Rates are quoted as Annual Percentage Rate (APR). Compare current mortgage rates The more lenders you check out when …
The Housing Market is Booming!
When the housing market crashed in 2008, the average home lost over a quarter of its value, and many Americans were financially devastated, especially those who had bet their entire financial future on the house flipping craze. Flippers who had been making hundreds of thousands of dollars on each house they flipped were going bankrupt, stuck with houses that were …
There Goes the Neighborhood….Affecting Your Home Price!
How does your real estate agent decide on the right selling price for your home? What do they see that you don’t when they advise you on which houses in your search area are priced above or below market value? Whether you’re in the market to buy or sell a home, or both, it helps to understand how factors that …
Atlanta’s Most Walkable Neighborhoods
Atlanta may be known for its traffic, but not all of us are a part of the daily car grind. Many Atlantans have managed to organize their work and home life in a way that they rarely, if ever, need to get in their cars (if they have them!). Whether you prefer life without a car at all, or you …
Compass to be Real Estate “One Stop Shop!”
During an interview with Bloomberg this month, Compass CEO Robert Reffkin said he believes the real estate industry is experiencing a “Netflix versus Blockbuster moment,” and he wants to make sure Compass emerges as a one-stop shop for real estate and moving services. From the initial home search, through the mortgage origination process, on to the home inspection and move-in …