Mortgage Lock-In Effect: How Low Rates Can Impact the Housing Market
In recent years, many homeowners have found themselves in a unique financial situation: they are benefiting from historically low mortgage rates secured in previous years, while current market rates have risen significantly. This phenomenon, known as the...
Tips for Preparing Your Home for an Appraisal Inspection
1. Appraisal Inspection Overview Preparing your home for an appraisal inspection is a crucial step in the refinance or selling process. The appraisal inspection is an essential part of determining the value of your home, and it’s important to present your home...
Current Rates, Market Conditions and Projections for the Future
Introduction: Mortgage rates, influenced by various economic factors, play a significant role in determining the affordability and accessibility of homeownership. In this blog, we will delve into the reasons why last year we saw mortgage rates rise to levels not seen...
