by Norman Neu | Apr 11, 2023 | Advice For Homeowners, Home Buying, Market updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
by Norman Neu | Dec 12, 2022 | Housing Market Updates, Interest Rates, Millennials, Mortgage Rates, Price growth
In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
by Norman Neu | Oct 12, 2022 | Advice For Homeowners, Interest Rates, Market updates, Mortgage Rates
Are mortgage rates high right now? Forty years ago, in October of 1981, the average mortgage rates were above 18%. A year ago, mortgage rates on 30-year mortgages were below 3%. Are rates higher than last year? Yes, the rates are higher. Are they even close to...
by Norman Neu | Sep 13, 2022 | Home Buying, Home Value, Housing Market Updates, Mortgage Rates, Real Estate Market
A mortgage is probably your life’s most significant financial transaction. Buying a home is something everyone dreams of doing. Your new home will not only be where you raise a family but where you spend a lot of money. A mortgage can be a scary thought. Both interest...
by Norman Neu | Aug 6, 2022 | Housing Market Updates, Interest Rates, Mortgage Rates, Pricing
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac says that the U.S. housing market is slowing down, whatever you name...
by Norman Neu | Apr 16, 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...
