by Michele Kubiak | Jul 11, 2022 | Budget Statistics, Economic Factors, Housing Market Updates, Mortgage Rates, Planning, Pricing
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their...
by Michele Kubiak | Apr 14, 2022 | Buying a home, Homebuyers, Mortgage Rates
It is time to buy your first home! Making this purchase is such an overwhelming process, and we want to make it as easy for you as possible. The best way to do that is to be ahead of the game. Before you jump into a new mortgage, learn how to prepare to get the best...
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 | Jan 13, 2022 | Housing Market Updates, Low Credit Scores, Mortgage Rates
Mortgage rates remain near historic lows but will probably rise in 2021. But even with a mortgage rate in the 3% range, there are traps to be avoided if you want a mortgage at all. Primary among these traps is the debt-to-income ratio (DTI). A recent study by...
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 | Sep 13, 2021 | Home Equity Loans, Mortgage Rates
Whether it’s a kitchen remodel or dedicated workspace at home, after a year of staying in, most homeowners have at least entertained the idea of a home renovation project. Skyrocketing home prices have resulted in a record amount of home equity on hand. By the end of...
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