Mortgage Rates

https://teamestes.com/wp-content/uploads/2023/02/1and2economistforecastingrecession2023.mp42 in 3 economists forecast a recession in 2023, but did you know mortgage rates historically decline in recessions? Why is this?  Let me give you some details and if you are interested in hearing more message me. Mortgage Rates and Recessions: Understanding the Connection Recessions are a normal part of the...

When it comes to real estate, there are always going to be upswings in the market that will have an impact on your mortgage payment and overall financial health. If you're concerned about rates on the rise, here are a few tips to test out you're fiscal well-being.

The post-election period is often one of uncertainty, and the time since the 2016 election has been no different with regards to market force and the financial world. With a new administration taking office, there are many questions regarding how Donald Trump's presidency will impact the market and your mortgage.

Interest Rates Remain at Historic Lows… But for How Long? The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year fixed mortgage rate has fallen half a percentage...

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Read...

87% of ALL HOMES qualify for some sort of down payment assistance program and over 90% of all down payment assistance programs are funded.   Downpayment Resource.com     Are You Eligible For Down Payment...

As a seller in Chesterfield Count, Colonial Heights or the Richmond area, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home. Let us explain. There are many factors that influence the ‘cost’ of a home....

3 Reasons to Sell Your Home this Spring 3 Reasons to Sell Your Home this Spring Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons. 1. Demand is about to...

Thanks to KCM for the valuable information. How mortgage rates affect the cost of owning a...

I thought this was interesting and worth adding to the BLOG.  As you might know I subscribe to KCM and the information provide is priceless when it comes to today's real estate market.  For the buyers and sellers out there who were wondering what it took to get a mortgage in 2012...here you go. The average interest rate was 3.90% 21% average downpayment Debt to income: house payment 23%, total debt...