Consumer sentiment fell to a 6 month low this week with continued concerns over inflation and when the Federal Reserve might be lowering rates. This caused our rates to improve slightly this week. Here is what I'm seeing: 30 Year Fixed FHA 6.375% (7.203% APR) Discount points to bank of $2720 $500,000 Purchase Price $490,943 Loan Amount 3.5% Down Payment $17,500 720+ credit scores, single family primary home purchase, 45 day lock period 30 Year Fixed VA 6.375% (6.671% APR) Discount points to bank of $2319 $500,000 Purchase Price $511,500 Loan Amount … Continue reading...
Five Reasons why you need a REALTOR
You need a REALTOR® on your side for your next real estate transaction, whether you’re selling, buying, or both. Here are 5 of the top reasons REALTORS have local market knowledge Realtors have access to a wealth of information about the local real estate market, including recent sales data, pricing trends, and neighborhood insights. This knowledge can help you make informed decisions about buying or selling a property. We live in Portsmouth and work in the New Hampshire Seacoast and Southern Maine markets daily. Our website has the most up-to-date listing data available. Sign up for … Continue reading...
Reach Your Goals: Unlocking Financial Freedom with Savings
In times of inflation, it’s crucial to come up with a more solid saving plan to counter the decreasing spending power of money we keep experiencing day by day. Generating additional income can be tricky when the interest rates on savings fail to match the inflation rate. Navigating the money market in times of inflation is not always so simple. Still, it is possible to thrive in the current economic conditions too, but adjustments must be made to our strategies. It has never been so important to stay informed about changes. Understanding interest rates and investment opportunities can help you … Continue reading...
What the difference on homes that you need to know when buying.
With such diverse architectural designs available, it can be challenging to determine the ideal fit based on personal preference and lifestyle. After all, each one boasts distinctive characteristics, from the charming coziness of cottages to the sleek modern lines of contemporary residences. Learn more about the following home styles, including some of their pros and cons, to find out which one perfectly complements your vision and needs. Cape Cod Immensely popular from the 1920s to the mid-1950s, these simply designed homes have an appeal that endures to this day. They typically feature … Continue reading...
What lower rates means to a buyer
If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers. As a recent article from Bankrate says: “The rate cool-off somewhat eases the housing affordability squeeze.” And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America … Continue reading...
Things to avoid when buying a home.
If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things to remember when you apply for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any cash into your accounts, discuss the proper way to document your transactions with your loan officer. Don’t Make Any … Continue reading...
Why today Housing Supply is interesting
Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now: a graph with red and blue squares Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your Move Are you … Continue reading...
Feb 14, Happy Valentine Day and here is a Look at Aurora, Co. Market
Aurora, CO Wed Feb 14 2024 This week the median list price for Aurora, CO is $569,000. We have 410 active homes waiting for buyers. … Continue reading...
10 points when buying a home.
Here are my "Top 10 Must Have Features When Buying a Home" As a Real Estate professional as well as Interior Designer, I have worked with hundreds of home buyers over the years. I understand firsthand the importance of finding the perfect home (or as close to it as possible), that meets both your needs and desires. When shopping for a new home, there are certain features that buyers should prioritize to ensure they're making a wise investment. Here are a list of my suggested top 10 must-have features to look for: 1. **Location, Location, … Continue reading...
How Do Mortgage Points Cut Your Interest Costs?
Those who are involved in the real estate industry likely know that mortgage rates are at an all-time low. At the same time, nobody wants to pay more for a house than they have to. Some of the most important factors that dictate how much someone is going to pay for a house include points and interest rates. While interest rates are incredibly low, there is a way to make them lower. This comes in the form of points. This is additional money that is paid upfront to get a better deal over the life of the loan. Even though this sounds great in theory this might not be the best option for … Continue reading...