Category: Buying a Home
As we move through the second half of 2024, the housing market has experienced notable changes, leading many people to ask “Should I buy a house now? Or should I wait?” Mortgage rates have recently dropped to their lowest since April 2023, but home prices remain high, and... Read More
The short answer to the question “Are mortgage rates dropping?” is yes. On August 5th, daily average 30-year fixed mortgage rates dropped to 6.43% which is the lowest since April 2023. For home buyers, this poses a great opportunity to enter the market after over a year of... Read More
When it comes to finding the right balance between saving, spending, and investing, one of the biggest questions many people face is how much of their income should be allocated to their mortgage. It’s a decision that impacts your overall financial health and well-being. While there’s no... Read More
When you’re in the market for a mortgage, you might come across the term “mortgage points” and wonder if they’re worth your investment. Mortgage points, also known as discount points, can be a bit confusing, but understanding them can help you make a more informed decision about your... Read More
Are you buying or selling a home? Then you might be wondering: “Who pays the real estate agent?” Traditionally, this cost has been shouldered by the seller, but recent changes have brought new dynamics into play. The National Association of Realtors (NAR) and... Read More
Securing the best mortgage rate is a crucial step in the home-buying process, as it can significantly impact your monthly payments and the total cost of your home over time. A lower interest rate can save you tens of thousands of dollars, but securing that rate can... Read More
Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. In early August 2024, interest rates dropped to 6.34%, their lowest... Read More
There are important changes happening in the real estate industry this month. The National Association of Realtors and multiple listing service (MLS) have implemented new rules about how real estate agents communicate about real estate fees. The changes provide greater... Read More
Choosing the right home loan is a crucial step in your homebuying journey. With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin... Read More
Key takeaways: If you want to beat the competition, now is a great time to buy a house. Daily average mortgage rates hit a 14-month low of 6.34% on Monday, giving buyers thousands of dollars in buying power. Don’t wait to... Read More
Key takeaways Shop around for the best mortgage lender: Compare offers from multiple lenders, including banks, credit unions, and online lenders, to find the best rates and terms for your mortgage. Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans... Read More
Navigating the mortgage loan process can be daunting, but breaking it down into manageable steps can help. This guide will walk you through each phase of the mortgage loan process, from pre-approval to post-closing, with examples to illustrate key points. Whether you’re searching for a... Read More