The Bay Area real estate market continues to confound experts with high property prices which counters commonly held economic theory. Mortgage interest rates are at historic lows, buyer demand remains robust even in the face of widespread job losses, and prices for homes are at record high levels. So what gives? The basic supply and… Read more »
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history. While many Americans have rushed to take advantage of declining mortgage rates, others question the hype. Are today’s rates truly a bargain?
Optimize the timingOne of the first things a prospective buyer should do is find an experienced and responsive mortgage lender before making a purchase. In many cases, this could be six months to a year prior to when you want to buy a home. People often delay reaching out to a lender until they have… Read more »
Many new buyers are fearful of overpaying for real estate when purchasing a new property. Given that buying a new home will likely be one of the largest investments you make in your life, this is entirely understandable. However, the market conditions in which you are considering a purchase play a big role in determining… Read more »