Category : Mortgage Rates

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 […]

by Hilton Head Real Estate Partners September 13, 2016 0 comments

With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a new […]

by Hilton Head Real Estate Partners May 20, 2016 0 comments

The Cost of Waiting for Next Year As a seller, 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. […]

by Hilton Head Real Estate Partners March 16, 2016 0 comments

Mortgage Rates Low Again A couple of weeks ago, we posted an article discussing where mortgage rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that mortgage rates would begin to rise slowly and steadily […]

by Hilton Head Real Estate Partners February 26, 2016 0 comments

Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening […]

by Hilton Head Real Estate Partners January 14, 2016 0 comments

Historic Low Mortgage Rates May be Coming to a Close Freddie Mac’s Primary Mortgage Market Survey shows that mortgage rates for a 30-year mortgage have started to inch up, most experts predict that they will begin to rise even more over the next 12 months. An increase in rates will impact YOUR monthly mortgage payment. […]

by Hilton Head Real Estate Partners December 10, 2015 0 comments

  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. Many buyers are being […]

by Hilton Head Real Estate Partners November 13, 2015 0 comments

The infographic below highlights the credit score requirements are decreasing while interest rates are slowly creeping back up. The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!) and the average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since […]

by Hilton Head Real Estate Partners September 23, 2015 0 comments

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment […]

by Hilton Head Real Estate Partners September 11, 2015 0 comments

With interest rates still around 4% now is a great time to look back at where rates have been over the last 40 years. Rates are projected to go up a full percentage point by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is […]

by Hilton Head Real Estate Partners August 09, 2015 0 comments
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