BLOGS

Applying your Rising 401(k) Account as Home Down Payment

  The stock market’s recent highs have been a windfall for many Americans, especially those with 401(k) accounts. If you're one of them, now might be the perfect time to turn your retirement savings into a smart investment—your next home! This guide will walk you through the process of using your

Mortgage Rates Rose this Week Indicating a Surging Economy

  Key Findings: 30-year Fixed-Rate Mortgage (FRM) Average: 6.32% (up from 6.12% last week) 15-year Fixed-Rate Mortgage (FRM) Average: 5.41% (up from 5.15% last week) Comparison to Last Year: 30-year FRM averaged 7.57% a year ago Market Context: Freddie Mac's Primary Mortgage Market Survey (PMMS)

Home Turnover Hits 30-Year Low: What It Means for You

    A recent report from Redfin reveals a significant trend in the U.S. housing market: the home turnover rate has plummeted to its lowest level in at least 30 years. In the first eight months of 2024, only 25 out of every 1,000 homes changed hands, translating to just 2.5% of all U.S. homes being

Home Affordability on the Rise

  An article titled "Mortgage Rates Fall to 2-Year Lows," authored by Melissa Dittmann Tracey, provides a comprehensive overview of the current state of mortgage rates in the United States as of September 27, 2024. This analysis will delve into the implications of these changes for home buyers, ma