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Articles Tagged: Interest Rates

Mortgage rates increase

May 5, 2022

Mortgage rates increase

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed rate mortgage (FRM) averaged 5.27 percent.

“Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” said Sam Khater, Freddie Mac’s Chief Economist.

“While housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to decelerate in the coming months.”
Continue Reading

Filed Under: Market Trends Tagged With: Interest Rates

What you should do before interest rates rise

July 19, 2021

What you should do before interest rates rise

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.Continue Reading

Filed Under: Tips for Home Buyers Tagged With: Interest Rates, Refinance

What do experts see on the horizon for the 2nd half of 2021?

June 30, 2021

What do experts see on the horizon for the 2nd half of 2021?

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?Continue Reading

Filed Under: Market Trends Tagged With: Home Prices, Interest Rates

Infographic: Should I buy now or wait?

April 30, 2021

If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run.

INFOGRAPHIC: Should I buy now or wait?

Let’s connect to put your home buying plans in motion before home prices and mortgage rates climb even higher.

Filed Under: Market Trends, Tips for Home Buyers Tagged With: Home Prices, Infographics, Interest Rates

Mortgage rates by decade

February 19, 2021

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 dollars over the lifetime of your home loan, but these low rates may not last forever.

Mortgage rates by decade

If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.

Let’s connect to determine the best way to position you for a financially-savvy move in today’s market.

Filed Under: Market Trends Tagged With: Interest Rates

The Difference a Year Makes for Homeownership

December 30, 2020

The Difference a Year Makes for Homeownership

Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them.

1. Move-up or Downsize: One option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one that better meets your needs – something that’s truly a perfect fit, especially if your lifestyle has changed this year.Continue Reading

Filed Under: Home Ownership Tagged With: Interest Rates

Is now a good time to refinance my home?

December 1, 2020

Is Now a Good Time to Refinance My Home?

With interest rates hitting all-time lows over the past few months, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you, start by asking yourself these questions:

Why do you want to refinance?

There are many reasons to refinance, but here are three of the most common ones:Continue Reading

Filed Under: Market Trends Tagged With: Home Equity, Interest Rates, Refinance

Stop waiting! Mortgage rates unlikely to go any lower

September 12, 2020

Mortgage rates have continued to drop in recent months, hitting new all-time lows seemingly every week. And while the average interest rate for a 30-year fixed rate mortgage dropped below 3 percent for much of August and into September, the consistent downward trend could have buyers holding out, waiting for rates to drop even lower. But according to Freddie Mac, mortgage rates are unlikely to drop much further.

“There are some interesting compositional shifts as the 10-year Treasury rate has increased modestly over the past month while mortgage spreads have declined,” says Sam Khater, Freddie Mac’s Chief Economist. “Spreads may decline even further but the rise in Treasury rates will make it difficult for mortgage rates to fall much more over the next few weeks.”

If you’ve been holding off on buying a home in hopes that mortgage rates will drop even lower, it looks like that’s unlikely — so now is a great time to make a move and lock in a mortgage at these historically low rates.

Filed Under: Market Trends Tagged With: Interest Rates

Infographic:
Mortgage rates and payments by decade

August 14, 2020

Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s historic low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.

Mortgage rates and payments by decade

Let’s connect to determine the best way to position you for a financially-savvy move in today’s market.

Filed Under: Market Trends Tagged With: Infographics, Interest Rates

Infographic:
Mortgage rates fall below 3%

July 17, 2020

Mortgage rates hit another all-time low, falling below 3 percent this week! If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.

Mortgage Rates Fall Below 3%

Let’s connect today to determine your best next steps toward homeownership.

Filed Under: Market Trends Tagged With: Infographics, Interest Rates

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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
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