Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through ... » Learn More about How Smart Buyers Are Approaching Rising Mortgage Rates
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How To Think Strategically as a Buyer in Today’s Market
The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few ... » Learn More about How To Think Strategically as a Buyer in Today’s Market
It’s Not Too Late To Apply For Forbearance
Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage ... » Learn More about It’s Not Too Late To Apply For Forbearance
Closing Costs Explained
When you are buying or selling real estate, you receive a statement of your estimated closing costs (for buyers it's typically called a Good Faith Estimate and for sellers it's typically called an Estimate of Net Proceeds). This chart helps break down some of those estimated closing costs, but know ... » Learn More about Closing Costs Explained