The good news for buyers and sellers is that mortgage interest rates fall to 10 month low. Last year interest rates hit 5%. They are back down now to around 4.5%. That combined with more homes on the market and slower appreciation should bring more buyers into the market. Read more here. Whenever you are… [Read More]
Buyers Should Ignore These Pieces of Outdated Real Estate Advice
Once you start thinking about buying a home, numerous friends and family will give you advice. But are they talking about the current real estate market? Or is it outdated real estate advice from the market years ago? Some of the common pieces of outdated real estate advice are: – Wait for Spring – This… [Read More]
Denver Homes Selling Above Asking Price has Decreased
The number of Denver Homes Selling Above Asking Price Has Decreased. That’s good news for buyers. The inventory of homes for sale has been increasing over the prior year, so buyers are having more choices and fewer bidding wars. The lack of homes to choose from was driving the selling price up. Because there are… [Read More]
Freddie Mac Economist Prediction for Interest Rates
Buyers can breathe a sigh of relief – Freddie Mac economist prediction for Interest Rates the next 2 years is to remain under 5% – a revision to earlier forecast that interest rates would increase to over 5.0%. Many sellers have had to reduce the asking price on their homes because of increased competition –… [Read More]
This Could Be a Good Time to Buy a New Home
This could be a good time to buy a new home. Housing Wire is reporting that sales for new homes decreased drastically at the end of 2018. Construction financing can be very expensive. So if builders can’t sell their homes, they could be very motivated to lower their prices and give extra perks in order… [Read More]
Mortgage Questions and Answers
Some of the Frequently Asked Mortgage Questions and Answers Mortgage Questions should be some of your first questions when you start thinking about buying a home. There are so many mortgage questions because there are so many different options to choose from: different loan products, different mortgage companies, different loan officers, different interest rates, unfamiliar… [Read More]
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