Average Rate on a 30 Year Mortgage Edges Up According to Freddie Mac

Mortgage rates are looking stable amid an improving housing market, with Freddie Mac’s latest survey showing that lenders were offering 30 year fixed rate home loans this week at an average interest rate of 4.02 percent, up from 4 percent a week ago. The results of this weekly survey say that the average for [...]

Studies Show How Consumers Misjudge Home Values

Encouraged by strong price increases and hot sales this spring, increasing numbers of owners are listing their homes for sale. But chances are good that millions of owners are making wrong assumptions about the value of their homes, according to two new studies. Wrong valuation assumptions can lead to bad decisions about whether to sell, [...]

Major Factors That Have Home Prices On The Rise

With housing on a steady path to recovery, home prices have risen approximately 20 percent in the last three years according to the Federal Housing Finance Agency (FHFA) and Standards & Poor’s (S&P) Case-Shiller house price indices. Both consumers and industry professional expect that upward trajectory to continue this year. The anticipated increase is [...]

By |2020-04-09T15:50:09-04:00May 15th, 2015|Market Conditions|0 Comments

8 Misconceptions of Home Buyers and Sellers

Most home buyers and sellers start the process filled with questions. Though it may seem like a tall task, educate yourselves about the ins and outs of the process and find the right agent to assist you with your goals. Below your will learn about some of the common misconceptions about buying and selling [...]

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