Fall 2023 Housing Market Outlook

  Despite higher mortgage rates, the market remains as competitive as ever thanks to strong demand coupled with tight inventory supply, due, in part, to those who purchased homes in recent years at record-low interest rates staying put. Since mortgage rates remain higher than the average over the la

Is buying down your mortgage rate worth it?

  When mortgage rates rise, borrowers scramble to find the lowest rate and beat the market. One option to combat this is "buying down your rate" with mortgage points. Essentially, you're paying more up front at closing to lock in a lower monthly rate, which in turn can give you a lower monthly payme

Housing Market Signals to Watch For

  The housing market has been crazy over the past few years. While there have always been periods of ebbs and flows, buyer's markets and seller's markets, yet the frenetic pace and swings since the start of the pandemic has had everyone on edge. Now that interest rates have climbed back to more "nor

What are closing costs & seller concession limits?

When buying a home, most home buyers pay closings costs and fees to cover the costs of getting a mortgage. Closing costs usually range from around 3%-6% of the sale price of the property. Closing Costs, Defined: What are Closing Costs? Closing Costs are fees and expenses a home buyer pays when they