Interest Rates | Chuck Norsch, CMPS, MBA

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

by Chuck Norsch | Jan 18, 2019 | First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic...

The Cost Across Time [INFOGRAPHIC]

by Chuck Norsch | Jan 11, 2019 | First Time Home Buyers, For Buyers, Infographics, Interest Rates

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your...

Is the Recent Dip in Interest Rates Here to Stay?

by Chuck Norsch | Jan 9, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market...

Excited About Buying A Home This Year? Here’s What to Watch

by Chuck Norsch | Jan 2, 2019 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two...

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

by Chuck Norsch | Dec 28, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing

Some Highlights: Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of...

24 Hours that Suddenly Improved the Market

by Chuck Norsch | Dec 27, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many,...