5/1 ARM Explained

5/1 ARM Explained

  5/1 ARM home loan – first 5 years same interest rate, then adjusts each year after ARMs can have minimum and maximum interest rate amounts 5/1 ARM can be great for short-term purchases What is a 5/1 ARM? A 5/1 ARM (Adjustable Rate Mortgage) combines...
2018 Market Outlook, Trending Up

2018 Market Outlook, Trending Up

Mortgage rates could reach 4.6% or higher by the end of 2018. Home prices are expected to rise by 3% to 6% over the next year. Existing home sales are predicted to increase 2.5% and new home sales to 7%. Here are some of our predictions about the 2018 housing forecast...
In Case You Missed It: Week of 10/30/17

In Case You Missed It: Week of 10/30/17

This was an exciting week for housing news: Q3 saw a 3% rise in GDP, new home sales skyrocketed in September, and mortgage rates remain low. Q3 Saw a Rise in GDP +3% According to an advance estimate, GDP increased by 3% for the 2017 third quarter. What are some...
Home Buyer Increase Due to Disappearing Bankruptcies

Home Buyer Increase Due to Disappearing Bankruptcies

How Boomerang Buyers Will Soon Flood the Market Average credit score nationwide is 700 as of April 2017 About 6 million people, over the next 5 years, can buy a house again – due to disappearing bankruptcies Housing market inventory will remain tight for years to come...