How Down Payment Assistance Opens the Door to Homeownership
How Down Payment Assistance Opens the Door to Homeownership
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks ...
Read More
Posted by Tracy Tang on March 15, 2021 in Buying a Home
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has ...
Read More
Posted by Tracy Tang on March 10, 2021 in Mortgage
Will Low Mortgage Rates Continue through 2021?
Will Low Mortgage Rates Continue through 2021?
With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. ...
Read More
Posted by Tracy Tang on February 25, 2021 in Market Statistics
Should I Wait for Lower Mortgage Interest Rates?
Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they ...
Read More
Posted by Tracy Tang on January 29, 2021 in Buying a Home
Make the Dream of Homeownership a Reality This Year
For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish.
If you’re dreaming of buying a home this year, start by connecting with a local real ...
Read More
Posted by Tracy Tang on January 27, 2021 in Buying a Home
Things to Avoid after Applying for a Mortgage
There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
Along the way, be sure to discuss any changes in income, assets, or credit with ...
Read More
Posted by Tracy Tang on January 25, 2021 in Mortgage
Pending home sales continue to slip as 2021 approaches
December 30, 2020, 11:21 am By Julia Falcon
U.S. pending home sales slid for the third consecutive month in November, dropping 2.6% from October, according to a report from the National Association of Realtors. ...
Read More
Posted by Tracy Tang on January 8, 2021 in Market Update
Four Expert Views on the 2021 Housing Market
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ...
Read More
Posted by Tracy Tang on January 4, 2021 in General
Knowledge Is Power on the Path to Homeownership
Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the ...
Read More
Posted by Tracy Tang on December 31, 2020 in General
With Home Values Surging, Is it Still Affordable to Buy Right Now?
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research ...
Read More
Posted by Tracy Tang on December 30, 2020 in Market Update
The Do’s and Don’ts after Applying for a Mortgage
Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large ...
Read More
Posted by Tracy Tang on December 29, 2020 in Mortgage
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. ...
Read More
Posted by Tracy Tang on December 28, 2020 in Market Update
Winning as a Buyer in a Sellers’ Market
Some Highlights
Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle.
Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips ...
Read More
Posted by Tracy Tang on December 24, 2020 in Buying a Home
5 Steps to Follow When Applying for Forbearance
If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage ...
Read More
Posted by Tracy Tang on December 23, 2020 in General
Homeowner Equity Increases an Astonishing $1 Trillion
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity ...
Read More
Posted by Tracy Tang on December 21, 2020 in Market Update
How the mortgage industry is working together to make housing more affordable
October 21, 2020, 10:05 am By Content Solutions Team
Over the years, the inventory of affordable homes has been in sharp decline, while home prices have risen dramatically. With homes becoming increasingly unaffordable, the ...
Read More
Posted by Tracy Tang on December 19, 2020 in Mortgage
Bank of America’s Community Homeownership Commitment
Good news for aspiring homeowners! Bank of America’s Community Homeownership Commitment™ is bringing together products and resources that can help modest-income borrowers buy homes of their own. By combining down payment assistance ...
Read More
Posted by Tracy Tang on December 11, 2020 in Buying a Home
Homes for Sale Are Rapidly Disappearing
Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:
“While winter may be typically ...
Read More
Posted by Tracy Tang on November 19, 2020 in Selling Your Home
Winter Will Bring a Flurry of Activity to the Housing Market
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for ...
Read More
Posted by Tracy Tang on November 13, 2020 in Selling Your Home