Mortgage Rates have Risen

Mortgage Rates have Risen. Where Will They Go from Here? Mortgage Rates have Risen and Going HIgher. Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased from 3.2% to 4.4% since January of this year. The rate jumped by more than a quarter of a point last week. Here’s aContinue reading “Mortgage Rates have Risen”

Home Buyer Closing Costs

Home Buyer Closing Costs are important to plan and budget. They are the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers surprised by their closing costs. Below is information to help. Don’t get caught off guard when it’s timeContinue reading “Home Buyer Closing Costs”

Memphis Millennial Home Buyers

Memphis Millennial Home Buyers, buying a home might be top of mind for you. Your generation is the largest group of homebuyers in the market today. And has been since 2014, according to the National Association of Realtors (NAR). While other Memphis TN millennials are looking to buy for the first time, you may be one thatContinue reading “Memphis Millennial Home Buyers”

Will Memphis Home Prices Rise?

Will Memphis Home Prices Rise? Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then soften throughout 2022. So far, that hasn’t happened nationally or in the Memphis TN area. The major price indices show double-digit price appreciation. Reports on year-over-year price appreciation for December: Federal Housing Finance Agency✎ EditSign (FHFA):Continue reading “Will Memphis Home Prices Rise?”

Home Buyers in Memphis Tn Are Planning to Buy Now

Plan to Buy a Home in Memphis While some homeowners may hold off until spring to list their houses, you should know –homebuyers in Memphis TN aren’t waiting. It’s Time to Plan your Home Purchase. Demand is high as more people are trying to beat rising mortgage rates. So, eager buyers are entering the market orContinue reading “Home Buyers in Memphis Tn Are Planning to Buy Now”

Home Prices Affecting Home Buyers in Memphis TN

New home pricing is affecting Home Buyers in Memphis TN. According to the National Association of Home Builders, home buyers across the country are being “Priced-Out” of buying a new built home. Higher home prices and mortgage interest rates are affecting first time home buyers. About 87.5 million households are already unable to afford theContinue reading “Home Prices Affecting Home Buyers in Memphis TN”

Why Your Home Inspection Matters. Get it Done

Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Our recommendation is always do an inspection. Even if your purchase is not contingent on the results.Your home inspection is a crucial step in the homebuying process. It assesses the condition of theContinue reading “Why Your Home Inspection Matters. Get it Done”