Viewing: Economy & Finance
Gail Thomson
August 7, 2023
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there have been […]
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Gail Thomson
November 11, 2021
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the […]
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Gail Thomson
November 9, 2021
With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate […]
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Gail Thomson
November 8, 2021
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost […]
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Gail Thomson
April 4, 2018
Interest rates, and in turn mortgage rates, have crept up over the past year as the Federal Reserve has made four modest increases to their funds rate. The latest, on March 21st, is anticipated to be the first of three this year with the expectation the rate will have risen by more than 1% by […]
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