How Mortgage Rates are Determined

Over the past few years, I’m sure you’ve heard about how mortgage rates are at historic lows, and truth is, they are. This chart, from the Federal Reserve Bank in St. Louis, clearly shows that the rate on a 30-year fixed-rate mortgage is the lowest (or at least near the lowest) it has been in…

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Owning a Home May be Cheaper than Renting

It’s no secret that the current housing climate is beneficial to buyers. It’s been difficult over the past few years to not hear about how mortgage rates are historically low, while home prices have fallen significantly. However, another wrinkle in the housing market which hasn’t been getting quite as much ink is the increasing cost…

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Keep an Eye on Your Credit

Your credit report serves as an account of your financial history. It offers potential lenders a glimpse of where you’ve been so they can estimate where you are going. Based on that estimation, they will determine what they will charge you to borrow money or whether they will lend to you at all. Because of…

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Emotions and Real Estate

It’s hard to remove your emotions from the equation when buying real estate. After all, a home is so much more than just a product. It is where your children will grow up, where you will retire, your sanctuary, your office, your pet shelter, and so much more. However, just as we tend to make…

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Deja Vu in 2008?

Is it deja vu or is 2008 shaping up to look extremely similar to 2001? If you’ll recall, in 2001, we’d just gone through the bursting of the Tech Bubble and the economy was sliding into recession. The Federal Reserve started lowering interest rates and the number of home refinances soared. Are we going to…

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