About Mortgage Interest Rates Federal Rates Mortgage interest rates are dependant on federal interest rates, which the Federal Reserve influences. The aim of the Federal Reserve is to stimulate the economy while avoiding inflation. By setting terms for the federal funds rate (the interest rate which banks charge each other for short-term loans). And the […]
Normal Closing Costs Closing costs can be highly variable since they’re dependant on the size of the mortgage and the value of the property. Typically, closing costs are between three and five percent of the property’s value, and may include the following: Loan origination fees – also called points (one point equals one percent of […]
For many people, choosing a neighborhood is the most difficult part of the decision to buy a home. When you tackle that “location, location, location” question, it’s smart to prioritize various neighborhood features, then start looking for homes in areas that match most of your criteria. Here are some things to consider: Choosing a Neighborhood: […]
Home buying and selling activity are typically hottest during the summer. But why should you join in the chaos? Here are 6 key reasons why selling a house means taking advantage of the season and making the move this summer. Selling a House This Summer: More Houses to Choose From More people choose to sell […]
If you let it slip that you are planning to buy or sell a house, suddenly everyone you know is a real estate expert. People love to share their own experiences, good or bad, in the real estate market. While it never hurts to get a feel for what other people have been through when […]
