Learn About Buying a Home

What Rate Are You Waiting For? There’s no denying that we’ve been on a wild ride this year with mortage rates. Let’s take a look in the rearview mirror first.    FreddieMac’s  PRIMARY MORTGAGE MARKET SURVEY®  The week ending 5/2/2024 marked the highest rate for 2024. 30 Year rates averaged 7.22%, while 15 Year rates […]

Primary Mortgage Market Survey®  Courtesy of FreddieMac Heading into the Christmas Holiday, Rates Dip Lower The average 30-year fixed-rate mortgage decreased further this week. Declining rates offer a timely and welcome gift for aspiring homebuyers. The 30-year fixed-rate mortgage averaged 6.18% as of December 24, 2025, down from last week when it averaged 6.21%. A year […]

In an announcement this week, buyers who obtain an FHA mortgage will see the cost of monthly mortgage insurance adjusted downward. The anticipated average yearly savings is $800. This will also help buyers qualify for a higher loan amount. When qualifying for a loan, the percent of your monthly debt versus your monthly income is […]

  In October 2022, the Federal Housing Finance Agency announced new guidelines for the credit score models Freddie Mac and Fannie Mae can accept from mortgage lenders. While the changes may take time to be widely implemented, they could eventually have a substantial impact on groups that have historically been excluded from homeownership. These updated […]