Well, Americans are buying houses this winter. Each week inventory is falling and pendings are climbing. The market has fewer price reductions and more immediate sales each week. None of this is crazy hot like last year, but the data is pretty irrefutable. Available inventory of single … [Read more...]

Aren't you glad we are not living in 1981? Even though we think that the current interest rates are high today, they are not the highest historically. Sometimes it's good to look back so you can get a perspective on today and plan for the future. So what do we think the market is going to do in … [Read more...]

  While many factors come into play when you are qualifying for a mortgage, your credit score is one of the most important. Lenders are much more likely to approve your loan request if you have a great credit score and a healthy income. They will likely offer you more favorable terms, … [Read more...]

    Available inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low supply is helping to buoy prices, which were falling in the 4th quarter. So the question … [Read more...]

When you look at your monthly mortgage payment, you will see that it is broken down into several sections. A good portion of your monthly payment goes to the principal. The interest on your loan is also thrown into the equation, along with your escrow account, which covers homeowners insurance, … [Read more...]

  When you apply for a mortgage, your lender will examine your overall financial health. They will obtain a credit report, ask for proof of income, and calculate your debt-to-income (DTI) ratio. If your DTI is too high, you will most likely not be eligible for a home loan. The good news … [Read more...]