Mortgage Info

Happy St Patrick’s Day   Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today!

  Below is a list of 7 Things Not to Do After Applying for a Mortgage!  1. Don’t change jobs or the way you are paid at your job!  If possible, you’ll want to avoid changing from salary to commission or becoming self-employed during this time as well. 2. Don’t deposit cash into your bank […]

Nashville housing market is still appreciating. Home prices are stable and expected to appreciate approximately 3.6% this year in the Nashville housing market. Housing still remains the biggest factor in Nashville’s cost of living as the median home price is approximately $273,700. The market is shifting from a seller’s market to more even or neutral […]

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!   Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in […]

Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you […]

  With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES […]

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home.   This ‘seller’s market’ has driven home prices to new heights. […]

Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!   NerdWallet’s 2018 Home Buyer Report revealed […]

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are […]

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.   However, many […]