by David Floyd | Sep 25, 2018 | First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart...
by David Floyd | Sep 6, 2018 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing
Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has...
by David Floyd | Jul 11, 2018 | First Time Home Buyers, For Buyers, Interest Rates, Millennials, Move-Up Buyers
Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently...
![Cost Across Time [INFOGRAPHIC]](http://davidmfloyd.com/wp-content/uploads/2018/07/20180706-Share-STM.jpg)
by David Floyd | Jul 6, 2018 | First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers
Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your...
by David Floyd | Jun 21, 2018 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the...
by David Floyd | May 31, 2018 | First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate....
