Should You Buy a Home Now or Wait Until Next Year?

Should You Buy a Home Now or Wait Until Next Year?

May 23rd, 2019

Waiting until next year to buy a home could make a significant financial impact. In the case of homeownership, it’s better to act sooner than later! Let’s get together to make sure you don’t miss out on any savings if you’re in the market to purchase a home!

Posted on May 23, 2019 at 5:30 pm
Bradley Mulliner | Category: Buying/Selling Tips, clients, new home, new home owners, Real Estate Activity, sell your house | Tagged , , ,

Are You About to Be an Empty-Nester?

In the next couple of months, millions of students will be graduating and moving out of their parents home. If you’re a soon-to-be empty nester considering downsizing or making a move, let’s get together to discuss your options! So if you are getting ready to sell your home and downsize, give me a call today!

Posted on May 2, 2019 at 8:52 pm
Bradley Mulliner | Category: babyboomer, empty-nestor, Real Estate Activity, sell your house | Tagged , , , , , ,

5 Reasons to Sell Your House This Spring

Selling your house? Every year, homeowners decide to wait to list their homes. Here are 5 powerful reasons why selling your house this spring makes sense. Let’s get together today to discuss how we can market your home this season!

For current market activity around your home, register for “Neighborhood News” at http://bradmulliner.com/neighborhood-news

Posted on April 24, 2019 at 8:20 pm
Bradley Mulliner | Category: Buying/Selling Tips, new home, Real Estate Activity, sell your house | Tagged , , , , ,

Why Are Mortgage Interest Rates Increasing?

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According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. 

Why did rates go up?

Whenever there is a presidential election, there is uncertainty in the markets as to who will win. One way that this is noticeable is through the actions of investors. As we get closer to the first Tuesday of November, many investors pull their funds from the more volatile and less predictive stock market and instead, choose to invest in Treasury Bonds.

When this happens, the interest rate on Treasury Bonds does not have to be as high to entice investors to buy them, so interest rates go down.  Once the elections are over and a President has been elected, investors return to the stock market and other investments, leaving the Treasury to raise rates to make bonds more attractive again.

Simply put, the better the economy, the higher interest rates will go. For a more detailed explanation of the many factors that contribute to whether interest rates go up or down, you can follow this link to Investopedia.

The Good News

Even though rates are closer to 4% than they have been in nearly 6 months, they are still slightly below where we started 2016, at 3.97%.

The great news is that even at 4%, rates are still significantly lower than they have been over the last 4 decades, as you can see in the chart below. Continue reading

Posted on November 22, 2016 at 5:41 pm
Bradley Mulliner | Category: Buying/Selling Tips, Helpful Articles, new home, new home owners, Real Estate Activity | Tagged , ,