Volatility in Mortgage Rates as Recession Fears Grow Mortgage rates are showing volatility as the economy slows and recession fears take center stage. The 30-year fixed-rate mortgage rose to an average of 5.51% this week, up from 5.3% last week, according to Freddie Mac. Home buyers are facing rising costs across the spectrum. Inflation shot …
Category: Real Estate Tips
Jul 21
New Benefit Helps REALTORS® Convert Renters to Home Buyers
New Benefit Helps REALTORS® Convert Renters to Home Buyers REALTORS® now have free access to Rental Beast, a software provider with a secure FCRA-compliant online rental application and tenant screening tool. The National Association of REALTORS® announced Tuesday that Rental Beast has become the newest addition to NAR REALTOR Benefits®. “NAR REALTOR Benefits® aims to …
Jul 21
Technology REALTORS® Use the Most
Technology REALTORS® Use the Most REALTORS® use multiple technology platforms daily to promote their business and stay connected to clients. While smartphones and email are key tools that facilitate most of those connections, 53% of REALTORS® also use social media apps or GPS features daily, according to the National Association of REALTORS®’ 2022 Member Profile. Typing proves …
Jul 20
REALTORS® Expand Income Despite Low Inventory, Fierce Competition
REALTORS® Expand Income Despite Low Inventory, Fierce Competition Fierce competition in the industry didn’t stop REALTORS® from increasing their transaction sides and income over the last year, according to the National Association of REALTORS®’ newly released 2022 Member Profile. The booming housing market has prompted more people to pursue a real estate career, as NAR’s …
Jul 19
Good Credit when Applying for a Mortgage
Good credit is critical when it comes to obtaining the best interest rates and terms on a mortgage.Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) and I want to offer you some credit tips for when you do decide to apply for a mortgage. #RealEstate #Realtor #BuyersMarket #FreedomFast #CreditTips #PlymouthMeetingRP
Jul 19
Study: It’s the Most Expensive Year to Move Ever
Study: It’s the Most Expensive Year to Move Ever Aside from rising mortgage rates and home prices, buyers are being squeezed by another escalating expense: the growing cost of moving services. This year has become the priciest for hiring movers in the nation’s history, according to a new study from HireAHelper, a moving resource. Some …
Jul 19
Pre-Approval
Getting a pre-approval before looking at those dream homes puts you in control. With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can get you ahead of the homebuying crowd and show that you are a serious buyer. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast # PreApproval #PlymouthMeetingRP
Jul 19
Home Buying Is 5% Cheaper Than a Week Ago
Home Buying Is 5% Cheaper Than a Week Ago Mortgage rates are falling—at least for now—after posting rapid jumps in June. Over the last two weeks, the 30-year fixed-rate mortgage has dropped by one-half of a percentage point. Home buying is about 5% more affordable than a week ago, translating to about $100 less in …
Jul 18
Rapid Rise in Mortgage Rates Stalls
Rapid Rise in Mortgage Rates Stalls The quick rise in mortgage rates over the last few weeks is taking a pause. The 30-year fixed-rate mortgage averaged 5.7% this week, dropping from last week’s 5.81%, according to Freddie Mac. Still, rates remain well above where they were a year ago, when they averaged below 3%. Higher …
Jul 18
Condo Vs. Single Family Home
Looking to purchase a home? Conflicted between buying a condominium or a single-family home? Check out our pros and cons to help you make the best decision! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor …
Jul 18
New-Home Costs Rising at Unparalleled Rate
New-Home Costs Rising at Unparalleled Rate Inflation is pushing up homebuilding costs at an unprecedented rate, according to Bank of America’s Who Builds the House? report. Supply-chain disruptions and labor shortages are adding pressure to rising prices. The average cost for materials to build a single-family home jumped 42% from 2018 to 2021, adding thousands …
Jul 18
Rent or Buy
Are you looking to move out and get a place of your own, but cannot decide whether to rent or buy? Many renters can afford to buy a home, but don’t even know it! Check below for more information. With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we …
