Rate Bounce

By | for Buyers, housing trends, living, market news, mortgages

Rates hit near-historic lows this week and are now at 3.49% for a 30-year mortgage. There have only been two other times in history when rates have been this low- April 2013 and October 2016. It’s interesting to see what happened soon after bottoming out these last two times. In April of 2013 rates hit… Continued

September 18, 2019

On Sale

By | for Buyers, housing trends, market news, mortgages

With interest rates so low, one could argue that money is essentially on sale. It’s actually half off. 30-year mortgage rates hit 3.75% which is exactly half of their long term average. Rates have averaged 7.5% over the last 40 years so today buyers are getting half of that rate. The “sale” on mortgage rates… Continued

August 12, 2019

How Tax Reform Affects Homeowners

By | mortgages

  New tax legislation was signed into law at the end of 2017, and it included some significant changes for homeowners. These changes took effect in 2018 and do not influence your 2017 taxes.  Here’s a brief overview of this year’s tax changes and how they may affect you*. The amount of mortgage interest you… Continued

March 29, 2019