Found 2 blog entries tagged as mortgage rates.

Over the past few months, we have been in a strong seller’s market with many buyers waiting for the perfect home with the most perfect terms. The truth is, there might not ever be a perfect time to buy a home, but with affordability improving nationwide, now seems to be a prime opportunity to get off the sidelines!


If you’ve been waiting to buy, here are 3 reasons why now is the best time to purchase a home! Let’s dive in!


Mortgage Rates Are Decreasing

Mortgage rates have always been a huge factor when it comes to buying a home, and it's been an extremely popular topic over the past few years. During the pandemic, we saw record-low rates that many homebuyers were hoping to see again, which is why many were holding off on buying. However,…

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When it comes to purchasing a home, securing a favorable interest rate is a critical component of your financial planning. One effective strategy that can help you achieve the lowest possible interest rate is "buying down" the interest rate on your loan. In this blog, we’ll examine what an interest rate “buy down” is, how it works, and how it can help you achieve your financial goals.

What is "Buying Down" an Interest Rate?

"Buying down" an interest rate, also known as a mortgage rate buydown, involves paying an upfront fee to reduce the interest rate on your mortgage. This fee is commonly referred to as "discount points." Each point typically costs 1% of the total loan amount and can lower your interest rate by a fixed amount, often 0.25%. For…

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