Interest Rates | Chuck Norsch, CMPS, MBA

Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

by Chuck Norsch | Mar 15, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers

Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity...

4 Reasons to Buy a Home in the Spring

by Chuck Norsch | Mar 11, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12...

The Housing Market Will “Spring Forward” This Year!

by Chuck Norsch | Mar 4, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting...

Interest Rates Hit New 12 Month Low!

by Chuck Norsch | Feb 27, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%....

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...