by Emello Pagani | Feb 8, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Understanding mortgage rate interest is essential if you’re in the market for a home or just trying to get a better handle on your current mortgage loan. When it comes to mortgages, the interest rate can be confusing—it’s not always as straightforward as we might like...
by Emello Pagani | Dec 10, 2022 | Housing Market Updates, Interest Rates, Millennials, Mortgage Rates, Price Growth
In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
by Emello Pagani | Sep 13, 2022 | Budget Statistics, Costs, Housing Market Updates, Mortgage Rates, Real Estate Finances
During the pandemic, the U.S. housing market was red hot. Homebound people looked for new places to live, millennials were looking for their first homes, and low-interest record rates enticed buyers. When the slowdown came, it came quickly—spurred by inflation and the...
by Emello Pagani | Aug 4, 2022 | Advice For Buyers, Advice for Renters, Buying a Home, Mortgage Rates
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. While lower, it is still higher than the 2.80% recorded for last year at this time. Starting in January, mortgage rates rose quickly...
by Emello Pagani | Aug 4, 2022 | Housing Market Updates, Interest Rates, Mortgage Rates, Pricing
Ask almost any real estate agent, and they will tell you that the housing market is slowing down. Some real estate experts call it a correction or say that the market is transitioning. Freddie Mac says that the U.S. housing market is slowing down, whatever you name...
by Emello Pagani | May 11, 2022 | Mortgage Rates, Real Estate Market
Despite the interest rate increase announced by the FED on May 4, 2022, mortgage rates have declined slightly as of the date this is being written. However, when put into the larger perspective, they have increased. Compared to a week ago, the mortgage rates were as...
