Tawnya King

13 Jun 2022

What’s Ahead For Mortgage Rates This Week – June 13, 2022

Financial Reports

Last week’s economic reporting was highly focused on inflation, which grew at its fastest pace since 1981. Rising fuel and food prices boosted inflation in the U.S. and abroad; Analysts said the Ukraine War and supply chain problems continued to drive inflation. Weekly readings on mortgage rates and jobless claims were also released. Inflation Hits Highest Level in 41 Years The government’s Consumer Price Index, which tracks inflation, rose at a month-to-month pace of 1.0 percent in May compared to the expected reading of 0.70 percent and April’s reading of 0.30 percent growth. May’s Core Consumer Price Index, which excludes…

10 Jun 2022

By Tawnya King

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

Home Buyer Tips

Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment, but the closing costs as well. The closing costs can account for as much as three to five percent of the sales price in some cases, so this can be a rather sizable amount of money. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased. With a closer look at why this is, home buyers can…

09 Jun 2022

By Tawnya King

Evaluating Neighborhoods: 4 Things to Consider Before Purchasing a Home

Home Buyer Tips

From finding the right agent to discovering the home you can truly feel comfortable in, there are a variety of things involved in the home buying process. However, it's important not to get caught up in the home and ignore altogether the community you'll be living in. If you're planning a move to a new neighborhood, here are some things you should look into before putting in an offer. Local Amenities A peaceful, picturesque community is ideal, but if there are not a lot of resources nearby for your family, it's possible that your new neighborhood may not be the…

08 Jun 2022

By Tawnya King

How to Determine How Big of a Down Payment You Need

Home Buyer Tips

Whether or not you're new to real estate, there's little doubt that you've heard the term down payment as it relates to purchasing a home. There's a lot of different information out there in regards to how much this figure should be and it can be hard to determine exactly what the importance of this payment is. If you're trying to determine the ideal amount to put down, here are some things to consider. Explaining Down Payments And Why They're Important The down payment is probably one of the largest single payments you'll make for anything, and this is why…

07 Jun 2022

By Tawnya King

The Majority Of Millennials Plan On Buying A House In The Next Few Years

Mortgage

During the past year, the housing market has been on fire. There are not a lot of houses for sale, many people are interested in moving, and there is a rising demand from the people who put off moving during the coronavirus pandemic. Furthermore, Millennial demand is picking up, which will only make the housing market even hotter. Recently, a survey found that approximately two-thirds of people who qualify for Generation Y are thinking about buying a home in the near future. Many of them have improving financial circumstances, and they are looking for a way to build wealth and settle…

06 Jun 2022

By Tawnya King

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What’s Ahead For Mortgage Rates This Week – June 6, 2022

Financial Reports

Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices, The Federal Housing Finance Agency on home prices for homes owned or financed by Fannie Mae and Freddie Mac, and reporting on Construction spending. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller: Home Prices Rise in March, but Affordability May Slow Future Gains National home prices grew at a year-over-year pace of 20.60 percent in March according to S&P Case-Shiller’s National Home Price Index. The 20-City and 10-City Composite Indices also showed continuing growth in home prices, but analysts cautioned that rising home…

03 Jun 2022

By Tawnya King

Should You Use A Home Equity Loan To Buy A Vacation Home?

Mortgage

If you are looking for a way to diversify your investments while also making it easier to go on vacation, you may have thought about purchasing a vacation home. Saving up enough money for one house was already hard enough, so how are you going to save up money for a second house? If you have owned your primary residence for a while, you might be able to take out a home equity loan. Then, you could use this to purchase a vacation house. How Does A Home Equity Loan Work? A home equity loan allows you to borrow against…