For Home Buyers

Found 22 blog entries about For Home Buyers.

Interest rates are historically low right now, but they are starting to rise again. Currently, mortgage interest rates are 38% lower than they were just 10 years ago! With projected interest rates around 4.3% for 2017, it is an excellent time to make any sort of real estate transaction.

Just a year ago rates were around 3.5%. This February they are hovering around 4.1%. In just a simple half percentage point, the monthly payment rises around $50 without even counting the interest, that is a cost of $18,000 over the life of a 30 year fixed loan! If you are thinking of waiting it out to adjust your finances to buy a new home, contact a REALTOR* and go over your options.

REALTORS* have many connections and can help figure out the best way to get you

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housing-bubble-blue                                                                                                                                                                                                                                 juliannafunk/iStock

It’s 2016, and home prices are rising near the levels of the housing market just before the crash. Many are asking—and wondering — if we are in some kind of housing bubble. But are we? Here are a few things to consider if you’re worried about another housing bubble.

1. The overall economy

Unemployment is low, wage growth is strong and the tech sector is hiring in droves. The Federal Reserve raised interest rates last December, and they’re likely to raise rates again in the near future as the economy

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                                                      Rain or shine the JPG team is making real estate sales happen. There is no off season!!
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A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

1. Down Payment

The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less. Here are the results from a Digital Risk survey done on millenials.



2. FICO Scores

The Ipsos survey also reported that two-thirds of the respondents believe they need a very good credit score to buy a home, with 45 percent…
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Consumer Optimism a Good Sign for the Housing Market

"Consumers are as positive about their personal finances at the start of 2015 as they have been since we launched the National Housing Survey in 2010, and this optimism seems to be spilling over into housing market attitudes," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Consumers are more optimistic about the environment both for buying and for selling a home today, and the share who plan to own on their next move has jumped back up, reversing a three-month trend toward renting. These results are in line with lender optimism about future growth in their mortgage origination business, as shown in our Mortgage Lender Sentiment Survey™. Overall, these are good signs

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Two Great Reasons to Buy not Rent

There are many people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Based on a recent study, here are two reasons buying a home might make more sense:

Two Great Reasons to Buy not Rent | Keeping Current Matters

Two Great Reasons to Buy not Rent | Keeping Current Matters

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