Category: Interest Rates

    • 3 Questions to Ask Before You Buy Your Dream Home

      If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]
      Written by Denise Zervos
    • Home Buying Myths Slayed [INFOGRAPHIC]

      Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall.
      Written by Denise Zervos
    • The High Impact of Low Interest Rates on Your Purchasing Power

      According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, […]
      Written by Denise Zervos
    • Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate

      Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. Last […]
      Written by Denise Zervos
    • The Impact Your Interest Rate Makes [INFOGRAPHIC]

      Some Highlights:

      • Interest rates have come a long way in the last 30 years.
      • The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
      • Interest rates are at their lowest in years… RIGHT NOW!
      • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!
      Written by Denise Zervos
    • Mortgage Interest Rates Reverse Course in 2017

      To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could […]
      Written by Denise Zervos
    • Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

      If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:
      Written by Denise Zervos
    • Do You Know the Cost of Waiting? [INFOGRAPHIC]

      Some Highlights:

      • The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
      • Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
      • Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
      Written by Denise Zervos
    • Slaying Home Buying Myths [INFOGRAPHIC]

      Some Highlights:Interest rates are still below historic numbers.88% of property managers raised their rent in the last 12 months!The credit score requirements for mortgage approval continue to fall.
      Written by Denise Zervos
    • Home Mortgages: Rates Up, Requirements Easing

      The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen.
      Written by Denise Zervos

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater Charlotte area.