by Padma Sonti | Sep 14, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates
Hey folks, let’s talk mortgages and what’s been happening lately. First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...
![Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]](https://www.padmasontihomes.com/wp-content/uploads/sites/37/2023/08/forecast-450x675.png)
by Padma Sonti | Aug 4, 2023 | Buyers & Sellers, Housing Market Updates, Infographic, Interest Rates, Pricing
Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on...
by Padma Sonti | Jul 10, 2023 | Interest Rates, Mortgage Rates
Great news for prospective homebuyers and those looking to refinance! Despite minimal changes in June, mortgage rates, which had surpassed the 6.5% mark in late May, presented some minor dips that motivated borrowers eagerly took advantage of. According to...
![The Impact of Changing Mortgage Rates [INFOGRAPHIC]](https://www.padmasontihomes.com/wp-content/uploads/sites/37/2023/05/19-may.png)
by Padma Sonti | May 19, 2023 | Buyers, Infographic, Interest Rates
Some Highlights If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power. These charts show how rates generally affect your monthly payment. The best way to navigate changing mortgage rates and make...
by Padma Sonti | Feb 2, 2022 | Buyers, First Time Home Buyers, Interest Rates
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year...
by Padma Sonti | Jan 14, 2022 | Downpayments, Home Buyers, Interest Rates, Mortgage Rates
While it’s challenging to buy a home with a down payment, programs exist that allow qualified buyers to put down as little as 3.5%. A VA Loan will let you put down 0%. Why would anyone put down as much as 20%? It Will Lower Your Interest Rate A 20% down payment...
