mortgage rates
RSS Feed
- 2022 | 42 Posts
- August 2022 |
- - Just Sold in Jackson Ward!
- - Just Sold in West Broad!
- - Just Sold at Swift Creek!
- - Selling Your House? Your Asking Price Matters More Now Than Ever
- - Why Are People Moving Today?
- - New to Richmond? 5 Things to Know About the Area
- - National Thrift Shop Day: Go Thrift Shopping in Richmond
- - Hidden Gems in Richmond That Locals Love
- July 2022 |
- - Should You Buy a Home with Inflation This High?
- - The market is hot and on fire
- - What Does an Econmic Slowdown Mean for the Housing Market?
- - How Your Equity Can Grow over Time
- - Moving Tips That Help the Whole Family Adjust
- - Farm-to-Table Dining in Richmond
- - Rearrange Your Furniture Like a Pro
- - 2022 Music in the Park Concert Series
- May 2022 |
- - Why Summer Is a Great Time To Buy a Vacation Home
- - Order Summer IPAs at These Richmond Breweries
- - Restaurants Your Kids Will Love in the RVA
- - 5 Things to do This Spring in Richmond
- - BBQ Spots in Richmond for National Barbecue Day
- March 2022 |
- - A Key to Building Wealth in Homeownership
- - Finished Spring Cleaning? Richmond Donation Centers
- - Where to Find Vintage Decor in Richmond
- - Local Shops in Downtown Richmond
- - Moving Expenses to Know About
- June 2022 |
- - What to Know When Building a Deck
- - Shop at Local Richmond Markets This Summer
- - Add Farmhouse Details To Your Decor
- - Summer Programs for Your Kids Near Richmond
- April 2022 |
- - 5Ks in Richmond to Start Training for
- - Stop by These Little Free Libraries in Richmond
- - Simple Ways to Transform Your Laundry Room
- - National Garden Month: Start Planting Your Richmond Garden
- February 2022 |
- - Just in Time for Spring: Window Cleaning Tips
- - 5 Tips for a Pet-Friendly Home
- - Get to Know Richmond With These Tours
- - Sports Leagues to Join in Richmond
- January 2022 |
- 2021 | 51 Posts
- 2020 | 51 Posts
- 2019 | 20 Posts
- 2018 | 1 Posts
27
Interest Rates Hit New 12 Months Low!!
According to Freddie Mac's Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven't been seen since February 2018!
Last week's survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.
Freddie Mac's Chief Economist, Sam Khater, had this to say:
"Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.
Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months."
Bottom Line
If you plan on buying a home this spring, Call or email me so I can help prepare you for today's market before rates increase!
14
First Comes Love... Then Comes Mortgage? Couples Lead the Way
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.
However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers.
If you're single, don't fret! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to want to own their home, rather than rent.
Here is the breakdown of all first-time homebuyers in 2018 by percentage of all buyers, income, and age:
Bottom Line
You may not be that much different than those who have already purchased their first homes. Meet with me to determine if your dream home is already within your grasp! Call 804-370-0401 or Wes.Atiyeh@joynerFP.com
Privacy Policy / DMCA Notice / ADA Accessibility
