There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll […]
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This […]
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for […]
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for […]
What is an appraisal gap? An appraisal gap occurs when an appraisal comes in below the contract price on a house. Today’s hot real estate market contributes to a higher rate of appraisal gaps. It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing […]
Delaware’s known for lower property taxes which can reduce your mortgage payment. When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area? Knowing this information is one big […]
Before clicking on an internet lender website research what your Delaware local lenders have to offer. It’s hard to avoid all the national advertising for Internet lenders like Quicken Loans, but don’t listen! Active Adults Realty is involved in hundreds of transactions a year. We have learned through experience that you will have a much […]
Do you think your life would be much easier without a mortgage payment in your retirement? Want to know the advantages of a reverse mortgage? Broker/Owner Kathy Sperl-Bell invites you to meet a friend and client Bob Burakiewicz, a financial planner. He highlights the advantages of having a reverse mortgage and what it can mean […]
Mortgage Recasting can help lower mortgage payments and can be a great option for retirees. Broker/Owner Kathy Sperl-Bell invites Pete Green from US Bank Home Mortgage to explain mortgage recasting. Watch to see why Mortgage Recasting could help retirees make a smooth transition when selling thier current home a moving into their retirement home. Kathy […]
The good news is, interest rates HAVE NOT skyrocketed. This guest post comes to us from our friend, Pete Green, Branch Manager at Atlantic Bay Mortgage Group. With the onset of strong home sales, housing starts, higher import price, and other key economic factors, not to mention Federal Reserve rate increases, experts pegged 30-year rates to […]
