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Thinking of Buying a Vacation/Retirement Home? Why Wait?

The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) […]

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A Home’s Cost vs. Price Explained

We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term […]

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Freddie Mac: Doubtful Rates Will Return to Recent Lows

“One thing seems certain: we aren’t likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012.” – Freddie Mac,  March 24, 2014 There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there […]

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Moving-Up? Do it NOW not Later

A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer. […]

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Mortgage Rates Projected to Rise as Tapering Continues

It is projected that if the Fed continues to cut back on bond purchases that long term mortgage rates would start to climb. Many experts felt that Janet Yellen, who replaced Ben Bernanke as Fed Chair, was going to be less inclined to continue tapering bond purchases at the level established. However, in her testimony in front […]

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What it Cost if You Waited to Buy

__________________________________________ With a rise in interest rates on the horizon… How will your Buyer’s Purchasing Power be impacted? The latest edition of KCM explains the TRUE cost of waiting and provides you with the tools to educate your buyers. You can start your 14-day free trial of the KCM Membership at keepingcurrentmatters.com/trial. Current KCM Members […]

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The Impact of Increasing Mortgage Rates on Prices

Many pundits are warning that there will be a drop in real estate values because mortgage rates are beginning to increase. The logic makes sense. However, history shows that increasing rates have not negatively impacted home values in the past. Four times over the last 30 years mortgage interest rates have dramatically increased. Here is […]

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Tapering: The Result of Economic Good News

UPDATE: The Fed announced on Wednesday, December 18th that they would be pulling back some of their stimulus package which has helped the housing market by keeping long term mortgage rates at historic lows for the last few years. Click Here to see what this means for your clients. The economy is improving. As an example, […]

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When Will Mortgage Rates Hit 5%?

The big question for homebuyers is when interest rates will begin to rise to the 5% mark. The effect of a rise in mortgage rates could be a dramatic increase in the monthly mortgage payment when purchasing a home. In an article last week, HousingWire quoted two different sources regarding this issue. Most experts are […]

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The Curious Case of the Jumbo Mortgage

Today we are pleased to have Miranda Marquit, a financial writer for RateZip.com, as our guest blogger.  – The KCM Crew Though it may feel like yesterday, it’s been about half a decade since the housing bubble burst and the subprime mortgage crisis hit. In September 2008, the United States government took over Fannie Mae and […]

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Home Loans: Shopping for a Low Interest Rate

Today we are excited to have Morgan Sims as our guest blogger.  Morgan is an accomplished writer who has been featured on many blogs with topics ranging from Real Estate to Social Media. – The KCM Crew Buying a home is likely the biggest purchase you will make, and even more likely a purchase that […]

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Buyers: Window of Opportunity Still Open

The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be […]

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Mortgage Rates after the Bernanke Announcement

Last week, Bernard Bernanke startled many by announcing that the Fed will not wind down their bond buying program right now. The program is part of an overall stimulus package geared at bringing back the national economy. The Fed’s purchase of these bonds over the last few years has driven mortgage rates to historic lows. […]

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