by Michele Kubiak | Jan 13, 2022 | Downpayments, Home Buying, Housing Market Updates, Interest Rates, Mortgage Rates
While it’s challenging to buy a home with a down payment, programs exist that allow qualified buyers to put down as little as 3.5%. A VA Loan will let you put down 0%. Why would anyone put down as much as 20%? It Will Lower Your Interest Rate A 20% down payment...
by Michele Kubiak | Dec 14, 2021 | Home Buying, Mortgage Rates
In December, mortgage rates remain stable. The 30-year fixed mortgage rate moved lower from 3.10% to 3.11% during the week ending 12/9/2021. It seems that Investors are optimistic that the omicron variant of Covid-19 will not have a significant impact on markets. ...
by Michele Kubiak | Nov 12, 2021 | Advice for Homeowners, Home Buying, Housing Market Updates
The Challenge For some time now, real estate reporters have been talking about the challenges facing home buyers. Chief among these challenges is the lack of available homes for sale. This supply shortage has led to rapid price appreciation and bidding wars in many...
by Michele Kubiak | Nov 12, 2021 | Home Buying, Home Value, Housing Market Updates, Real Estate Market
Almost without exception, housing analysts are predicting that the housing market will slow down in 2022. At least in terms of price appreciation. Home Prices Continue to Go Up There is good news for both home sellers and home buyers if the experts’ predictions...
by Michele Kubiak | Oct 14, 2021 | Economic Factors, Home Buying, Home Value, Housing Market Updates
Key Points: They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. In July, rents nationally rose 7% year over year for one-bedroom apartments and 8.7% for two-bedroom apartments. Single-family rentals are also...
by Michele Kubiak | Apr 7, 2021 | Closing Cost, Home Buying, Interest Rates, Mortgage Rates, Taxes
The answer to whether closing costs are tax-deductible — is often the most frustrating one- “It depends.” Basically, you’ll want to itemize if you have deductions totaling more than the standard deduction, which for 2021 is $12,550 for a single person and $25,100 for...
