Home Buying
Mortgage Rates – Week of March 4, 2022
Applications to refinance a home loan increased 1% last week but were still 56% lower than the same week one year ago. Mortgage applications to purchase a home fell 2% for the week and were 9% lower year over year. While mortgage rate...
Rising Interest Rates
The stock market was quite a roller coast ride last week. Jerome Powell announced that rates are going up 3-4 times this year beginning in March, which was a factor. He also indicated that there is a possibility that the first rate increase c...Where are Rates Headed in 2022?
The bottom line for prospective homebuyers is this: The historically low mortgage rates of 2020 and 2021 are not coming back in 2022. But rates are likely to remain relatively low. Even a jump to 4% by the end of the year in 2022 would be ...Penny I (Seller – Newton)
We were referred to Michelle by a friend. She knows Newton and the surrounding areas. She knows real estate, she knows everyone associated with real estate, including mortgage brokers, inspectors, and insurance agents. Michelle is very pro...
Changes the Biden Presidency Could Bring
Policies that Biden is proposing: 1. Reinstate the Affirmatively Furthering Fair Housing rule, which had been repealed in July by Trump. The 2015 rule required local governments receiving federal housing financing to devise plans to address ...