Category Archives for "Homebuyer Resources"

Dec 01

What is Title and Escrow?

By Heather Schuck | Homebuyer Resources

Escrow Buying or selling real estate usually involves the transfer of large sums of money. It is imperative that a neutral third party, such as a title company, handle the transfer of funds and related documents from one party to another. It is essential that all conditions of the sale are met before the property […]

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Nov 30

Low Interest Rates Have a High Impact on Your Purchasing Power

By Heather Schuck | Homebuyer Resources

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, 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, is […]

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Nov 14

Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

By Heather Schuck | Homebuyer Resources

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. […]

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