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Latest Jobs Report: What Does It Mean for You & the Housing Market?

Latest Jobs Report_ What Does It Mean for You & the Housing Market_

Latest Jobs Report: What Does It Mean for You & the Housing Market? Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? … Continued

How a Change in Mortgage Rate Impacts Your Homebuying Budget

How a Change in Mortgage Rate Impacts Your Homebuying Budget

How a Change in Mortgage Rate Impacts Your Homebuying Budget Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage … Continued

What Credit Score Do You Need for a Mortgage in San Diego CA?

What Credit Score Do You Need for a Mortgage

What Credit Score Do You Need for a Mortgage? According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards … Continued

What Is the #1 Financial Benefit of Homeownership?

#1 Financial Benefit of Homeownership

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own … Continued

Is NOW a good time to buy a Home?

is now a good time to buy a home?

  Thinking of buying your first home? Or maybe you are thinking of selling you home to buy a new one. But . . . is NOW a good time to buy a home? ➡️ See My Active Listings Here ⬅️ There are two questions you need to ask yourself.  Do I think home values … Continued

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

Mortgage Rates Are Projected to Increase

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. ➡️ See My … Continued

Will Low Mortgage Rates Continue through 2021?

WILL LOW MORTGAGE RATES CONTINUE THROUGH 2021?

With mortgage rates hitting record lows so many times recently, some are wondering if we’ll see low mortgage rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected … Continued

3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how home equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. ➡️ See My Active Listings … Continued

Millennials: Is It Time to Buy a Bigger Home in San Diego CA?

Millennials: Is It Time to Buy a Bigger Home

Millennials: Is It Time to Buy a Bigger Home? In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real … Continued

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