Taking the Fear Out of the Mortgage Process

Taking the Fear Out of the Mortgage Process

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Three Reasons Why This Is Not a Housing Crisis

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Three Reasons Why This Is Not a Housing Crisis In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms. 1. The Market Today Is Vastly Different from 2008 We all remember 2008.  This is not 2008 . Today’s market conditions are far from the time when housing was a key factor that triggered a recession. From easy-to-access mortgages to skyrocketing home price appreciation, a surplus of inventory, excessive equity-tapping, and more – we’re not where we were 12 years ago. None of those factors are in play today.
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How Upset Should You Be about 3% Mortgage Rates? #melindalawsonrealtor #Melindasellssmyrna #melindasellsmurfreesboro #georgiaevansrealty #buyahome #sellmyhome #rutherfordcounty #selous #openhouse

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  How Upset Should You Be about 3% Mortgage Rates? Last Thursday,  Freddie Mac   announced  that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should not have surprised anyone . Many had already  projected  that rates would rise slightly as we proceeded through the year. 2.  Freddie Mac ’s comments about the rate increase were not alarming : “The rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.” A “ muted ” rise in rates will not sink the real estate market, and most experts agree that it will be  “ a strong spring sales season .” What does this mean for you? Obviously, any buyer would rather mortgage rates not rise at all, as an
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