by Marti Reeder | Feb 7, 2024 | Home Buying, Home Ownership, Home Selling, Interest Rates
As of late, the housing market seems to be in standby mode, ready to rev up if mortgage rates fall or further stagnate if rates rise. Currently, mortgage rates are toggling back and forth in the mid-6% range, down from the high 7% range in the fall of last year....
by Marti Reeder | Jan 31, 2024 | Home Buying, Home Ownership, Interest Rates, Mortgage
If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last few years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why? The answer is complicated because there’s a lot...
by Marti Reeder | Jan 10, 2024 | Equity, Finance, Real Estate
If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between...
by Marti Reeder | Dec 8, 2023 | Home Ownership, Home Value, Interest Rates, Real Estate
Inventory Tightens up Over the Holidays Real estate has a seasonal trend. Each winter, we see a dramatic decrease in the number of new resale listings during the holiday season with the first of the year as the low point for unsold inventory. Additionally, a low...
by Marti Reeder | Oct 31, 2023 | Finance
I’ve recently read several articles on scams. And it didn’t occur to me until today, that Halloween would be the perfect day to send you something scary. Though being scammed did not make “The Top 10 Fears in America 2023” list, from personal experience it’s...
by Marti Reeder | Oct 18, 2023 | Interest Rates, Mortgage
Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below): That can feel like...