The Main Key To Understanding the Rise in Mortgage Rates

Written by Kissimmee Mortgage Syndicated User on October 9, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Kissimmee FL Mortgage, Kissimmee Mortgage, 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 surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June.” The reason Khater mentions the 10-year U.S. Treasury yield is because there has been a...

As Home Equity Rises, So Does Your Wealth

Written by Kissimmee Mortgage Syndicated User on October 9, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Kissimmee FL Mortgage, Kissimmee Mortgage, Move-Up Buyers, Pricing.

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a sellers’...

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