Mid-century modern design is one of the most popular design styles right now and for good reason. It boasts clean lines, pops of color, and if you buy an older home, it can be a natural fit with the existing elements of the property.
When you’re considering buying a home, there are two terms you’ll hear, both of which are related to getting a mortgage loan. There’s mortgage pre-qualification and pre-approval. Sometimes people use these terms interchangeably, but
they’re different from one another.
The real estate market remains hot right now, despite economic headwinds. Many people want to jump in and buy a home or upgrade their current home to a new one for good reason. Interest rates are incredibly low, so now could still
be a buying opportunity, despite limited inventory and high prices in some locations.
If you’re a homeowner and thinking of maybe refinancing or you’re out shopping for a new home, certainly interest rates are part of the picture. Rates determine your monthly mortgage payment as well as determine affordability. In either
case, it’s important to know that any rate you see advertised on the internet or a rate you get from your loan officer aren’t immediately available for you.
Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The record low mortgage rate environment is providing tangible support to the economy at
a critical time, as housing continues to propel growth. Strong purchase demand is helping to lift the construction, manufacturing and transportation industries that build new homes and it is also leading to more consumer spending for
owners, who are selling or improving their homes. On the refinance front, many consumers are smartly taking advantage of the ability to lower their monthly payment, which means they can spend, save or pay down debt more so than they
have in the past."
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