Skip To Content

Monthly Archives: October 2022

  • Interest Rates Deep Dive With Dave and Travis, October 2022

    Interest Rates Deep Dive With Dave and Travis, October 2022

    Now let's take a deeper look at what mortgage interest rates have done in 2022. Please keep in mind that the numbers I share are MY estimates and may vary, especially when it comes to interest rates. The first graph below shows what has happened so far in 2022 and yes, it's pretty brutal. Rates have more than doubled and I don't think they are done going up. For a 30 year fixed rate conventional mortgage the rate sits at about 7.375% right now and we started 2022 at about 3.375%!! The big question is how much higher will they go?
    Written by Admin
  • What’s Ahead for Home Prices?

    What’s Ahead for Home Prices?

    As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. The housing market is shifting, and it’s a confusing place right now. Let’s connect so you have a trusted real estate professional to help you make confident and informed decisions about what’s happening in our market.
    Written by Admin
  • October Real Estate Market Update with Dave & Travis

    October Real Estate Market Update with Dave & Travis

    Is the real estate market crashing? Nope and I'll show you the latest trends to back that answer up. Now, have things slowed down quite a bit? For Sure! The rapid rise in interest rates has been a big concern. They sit at about 7% for a 30 year fixed rate conventional mortgage. Talking to a couple loan originator's this week they feel rates will go up a couple more times this year. Hopefully not over 8% but who knows. But homes are still selling at a good pace and there are some things we can do to help with the rates and affordability.
    Written by Admin
  • The Cost of Waiting for Mortgage Rates To Go Down

    The Cost of Waiting for Mortgage Rates To Go Down

    Basically, it is true that it costs more to buy a home today than it did last year, but the same is true for renting. This means, either way, you’re going to be paying more. The difference is, with homeownership, you’re also gaining equity over time which will help grow your net worth. The question now becomes: what makes more sense for you? Each person’s situation is unique. To make the best decision for you, let’s connect to explore your options.
    Written by Admin