Interest Rates | Chuck Norsch, CMPS, MBA

The Big Question: Should You Renovate or Move?

by Chuck Norsch | Oct 13, 2021 | For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space...

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

by Chuck Norsch | Oct 12, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

by Chuck Norsch | Oct 8, 2021 | For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, New Construction

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in...

The Main Key To Understanding the Rise in Mortgage Rates

by Chuck Norsch | Oct 5, 2021 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate...

Two Reasons Why Waiting a Year To Buy Could Cost You

by Chuck Norsch | Sep 23, 2021 | Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait,...

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

by Chuck Norsch | Sep 17, 2021 | For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Rent vs. Buy

Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple...