What Are the Benefits of a 20% Down Payment?
If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While…
Are There Going to Be More Homes to Buy This Year?
Buying Myths · Distressed Properties · First Time Home Buyers · For Buyers · For Sellers · Foreclosures · Housing Market Updates · Move-Up Buyers · New Construction · Selling Myths
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one…
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
Buying Myths · First Time Home Buyers · For Buyers · Housing Market Updates · Interest Rates · Move-Up Buyers
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…
Where Have All the Houses Gone?
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to…
![Home Mortgage Rates by Decade [INFOGRAPHIC]](https://www.primemortgage.com/wp-content/uploads/2021/02/20210205-KCM-Share-1-548x300-1.png)
Home Mortgage Rates by Decade [INFOGRAPHIC]
Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of…
Will Low Mortgage Rates Continue through 2021?
With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low 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…
3 Ways Home Equity Can Have a Major Impact on Your Life
There have been a lot of headlines reporting on how homeowner 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. CoreLogic indicated…
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…
3 Ways You’ll Win When You Buy a Home This Year
There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a…
![Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC]](https://www.primemortgage.com/wp-content/uploads/2021/02/20210212-KCM-Share-549x300-1.png)
Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC]
Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If…