3 Questions every buyer should ask themselves

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions … [Read more...]

Interest Rates remain at historic lows – but for how long?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year fixed … [Read more...]

Where are mortgage rates headed?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie … [Read more...]

To Buyers, Mortgage Rates May Be Overrated

Changes in down payment requirements have more influence over home buyers' willingness to buy than changes in mortgage rates, according to a new study published by economists at the New York Federal Reserve. Banks Loosen Up on Requirements Smaller Down Payments Lure More Buyers 3% Down … [Read more...]

Mortgage Rates Just Jumped Over 4%. Now What?

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac’s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. … [Read more...]

Lower Mortgage Rates Still Leave Buyers Cold

Let #bobwert #remax Help You Find #therighthome Despite a downward tick in mortgage rates, applications rose only 0.1 percent last week, perhaps signaling few reasons to refinance and low inventory for new buyers. Total application volume rose just 0.1 percent last week, according to the … [Read more...]

Mortgage Rates Fall Even Lower This Week

Fixed-rate mortgages continue their free fall, with the 30-year fixed rate mortgage averaging 3.63 percent this week and the 15-year fixed-rate mortgage staying below 3 percent, Freddie Mac reports. The 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013, when it … [Read more...]

Mortgage Rates at Lowest Point Since May 2013

Let #bobwert #remax Help You Find #therighthome #lebanonpa #myerstownpa #palmyrapa The 30-year fixed-rate mortgage sunk to a 3.89 percent average this week, its lowest level since May 30, 2013. That translates to more mortgage savings for home buyers and refinancers. Freddie Mac reports the … [Read more...]

Why It Pays to Be a Home Owner

Home owners are building net worth at a pace that is up to quadruple that of a renter. Tips for Renters 10 Ways to Prepare for Home Ownership Tax Benefits of Home Ownership You Don't Need That Much of a Down Payment In the past 15 years, the net worth of the typical home owner has … [Read more...]

Mortgage Rates Drop Slightly

Mortgage rates have been seesawing in recent weeks. Overall rates inched down this week with the 30-year fixed-rate mortgage, the most popular choice among homebuyers, averaging 4.29 percent, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national … [Read more...]