Happy May Everyone! The year is almost half over. Rates have been on a steep rise for the year thus far. Conventional 30 year rates have topped out at 5.5% and have been holding steady for about a week. In this uncertain market be sure to look at other financing options like a 10/1 ARM in which the rate is fixed for 10 years and adjusts thereafter. These products may sound scary, but considering 93% of people refinance their mortgages every 7 years a longer term ARM can make sense. With a strong jobs market and rising inflation expect that rates are not going down anytime soon. Lock sooner rather than later and look for lenders offering longer lock periods.
If you're searching for a new home that captures the essence of classic country living…
This month only, choose from $20,000 in FREE upgrades or 5% off the base price…
When it comes to building your dream home, many people may feel hesitant, thinking that…
Building a new home is an exciting journey, and selecting the right design can make…
If you’re considering building your dream home, now is the perfect time to begin! The…
As the back-to-school season kicks into high gear, it’s time to think about packing those…