Archive for Mortgage – Page 2

4 Real Reasons We Buy A Home

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful ones.

The idea and feeling of a home can mean different things to different people. …

Lowest Rates in Months After Inflation Data

By: Matthew Graham

December 13, 2022

There aren’t many scheduled economic reports that are as hotly anticipated as was today’s Consumer Price Index (CPI).  The market’s reaction more than validated the anticipation.  What does all this mean for rates?

Inflation …

There are over 398,908 residents who are currently renting but can afford to purchase a home!

It’s amazing to us, but, right here in the 3-county area (King, Pierce and Snohomish), there are over 398,908 residents who are currently renting but can afford to purchase a home.

They are qualified to buy a home, so why …

Low Interest Rates Create Bubbles

The economics profession has long had a vigorous academic argument over “natural” interest rates. What would rates be if we could somehow remove all the

subjective actors—central banks, commercial lenders, government agencies—that conspire to set them? What would nature do …

“Marry the House, Date the Rate!”

I read this today and I am adopting as my new slogan!

The press seems consumed with the idea of a recession in 2023 or 2024… which would mean:Marry the House, Date the Rate

  1. We’ll hear about it for another year or two, and this

5 Things First Time Buyers Need to Know When Making an Offer

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer …

What did 2021 tell us about buying a home?

If I was to look back at 2021 and come up with what gave most prospective homeowners the edge they need to close a deal on a home I would give you these ideas.

  1. Competitive Offers Close Deals

Just like …

Here are costs that often take first-time homebuyers by surprise!

1.  Home Inspection

Cost: $350–$500+

A home inspection lets you know of any potential problems — like mold, bad roof, water pressure, crawl space issues, etc. An inspection lets you know what you’re getting into before you buy.

Even if …

Appraisal Gap Options for Buyers and Sellers in a High-Demand Market

Today’s purchase market is like one we have never seen. High demand and low inventory are driving purchase prices well above the list price. With this demand, buyers are paying more than the appraised value.

If an appraisal comes in …

How to Navigate the Bidding Wars When Buying a Home! Part 1

This is Part 1 of 2 on how to navigate the bidding wars when purchasing a home.

The pandemic has shown individuals and families that they need more space to “work from home” (WFH).  More Americans see the value of …