Providing Hope, Mortgage Rates May Ease Below 6% This Year There’s a lot of confusion about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall. If you’re looking to buy or sell a home, this is a big deal and good news. While rates are going to continue to bounce around a bit based on various economic drivers […]
Unveiling the Truth: The Emotional Rollercoaster of Mortgage Rates
What’s Really Happening with Mortgage Rates? Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: that what you read or hear will vary based on the time frame they’re looking at. Here’s some information that […]
Harnessing Home Equity to Unlock Your Oregon Wine Country Dream
Harness the Equity in Your Home to Unlock Your Oregon Wine Country Dream For those of you yearning for the tranquility and charm of a small town, Oregon’s wine county could be your dream destination. Your years of homeownership have not only filled your heart with cherished memories, but more than likely, your pockets as well, with the equity in your home. Now, retirement or maybe even just a yearning for a change of scenery […]
Will Mortgage Rates Come Down? The Million Dollar Question
Will Mortgage Rates Come Down? The Million Dollar Question Today, let’s dive into the fascinating world of mortgage rates here in Oregon’s wine country. Whether you’re contemplating the idea of downsizing or upsizing your current home, or maybe you’re embarking on the journey of moving and buying a home in our small town region, mortgage rates are a topic you can’t afford to overlook. So, grab your favorite glass of Pinot Noir and lets embark […]
The Truth About Your Credit Score and Buying a Home
If you’re thinking about buying a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains: “Your credit score is one of the most important factors lenders consider […]
Pay Attention to Your Hyperlocal Housing Market
In talking about the 2023 housing industry, one thing experts agree, unlike the last few years, it will be hyperlocal. We will see some markets across the nation drop home prices. Others will remain flat while some communities will continue to see moderate value price increases. Will the national news be able to tell the whole story for where you live? The consensus is that unlike the last few years, in the year ahead, probably […]
The Top Three Trends Changing the Housing Market for Buyers
The last two years have been a wild ride in the housing market. So much so, that many Buyers decided to step out of line and press pause on their dream of homeownership. Have you delayed your plans to buy a house because of how competitive the market has been the past few years? If so, you may be happy to know, today’s housing market is looking different from even just a few months ago. […]
How Owning a Home Builds Your Net Worth
How Owning a Home Builds Your Net Worth Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to increase your financial security, here’s why now could be a good time to start on your journey […]
Separating Fact from Fiction in the Housing Market
Separating Fact from Fiction in the Housing Market If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it […]
Expert Housing Market Forecast for the Second Half of 2022
Expert Housing Market Forecast for the Second Half of 2022 The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will […]