Homebuyer Hack

06/08/2022

***READ THIS ARTICLE***
This article is by far the best synopsis I have seen regarding the current state & direction of the housing market.

It clarifies the data, rather than trying to convert it all into sensational, fear invoking headlines & highlights.

If you are concerned about the floor dropping out on home prices & days of doom and gloom ahead, that’s due to lack on good data and viewing things through the lenses of the early 2000’s housing & financial crisis.

There is NO crash coming for housing! Zip. Zero. Zilch. It isn’t happening.

A slowing in the pace of appreciation is NOT a reduction in prices & values. We NEED a slower pace of appreciation, because what we all witnessed the past two years, especially in 2021, is not sustainable. That doesn’t mean prices/values are anywhere near threatening to depreciate.

Here’s the link to the full artice. Seriously, read it.

https://fortune.com/2022/06/07/housing-market-inventory-levels-are-rising-again-breakdown-in-americas-400-largest-markets/amp/

05/18/2022

Perspective: This is a chart of average US mortgage rates going back to 1971. Zoom in & check it out. Rates are still quite low!

03/26/2022

Fresh example of misleading advertisements for mortgage rates, as I am up for the last of the games tonight (or this AM).

Ad seen 12:15 AM, Saturday 3/26…total garbage, especially after today being another huge move (worsening) for mortgage bonds/rates. Look at the “fine print” here. More than just questionable ethics, there are likely some actual legal disclosure shortcomings here!

Again…do you really want to start your mortgage/home buying process by being misled?

Go Local. Be Happy.

If buying/refinancing in Indiana, check out TolliverTeam.com to get started.

03/26/2022

Mortgage rates have risen steadily this year, especially over the past few weeks. Unfortunately, it seems like deceptive advertising from sources like Lending Tree and Bankrate are growing ever more untruthful.

Remember, these are LEAD generating companies! They don’t make money providing reliable data. They make money to peak interest & put lenders in contact with you to sell you on something!

The rates here are NOT accurate, current rates and THEY RUN THESE ADS KNOWINGLY WITH OUTDATED & UNREALISTIC INFORMATION! (The images shown are from ads on 3/24/2022.)

Do you really want to start your mortgage process by being misled?

Go Local. Be Happy.

Indiana property? Check out: TolliverTeam.com

12/12/2018

First time buyer or not, your State may have some programs to help home buyers with down payment, reduced interest rate, etc.

Start at this link to find out more:

Buying your first home is an exciting time but can also be an intimidating or anxious experience. At American Mortgage, we specialize in assisting first-time homebuyers and will be with you every step of the way.

10/31/2018

Mortgage Bankers Association: 30-yr fixed-rate mortgage unchanged this week at 5.11% with at least an average 0.50 point. (Wed, Oct 31 9:59 AM)

Keeping things in perspective, rates are still historically low!

05/29/2018

Remembering the time we enjoyed with friends & family this weekend came at a price paid by others. Thank you! 🇺🇸

05/08/2018

How old were you when you purchased your first home? Or if you have never purchased a home, why not yet?

Nationally, the median age of a 1st time buyer is 32, while in Indiana, it’s 31.

05/04/2018

Good read on the dynamics of our current market & any concerns about a "bubble".

This article has a great key point that loose lending standards were fueling an inflated market, which created a bubble in the 2000’s.

In comparison, today, we have much more prudent lending standards. It is truly the supply/demand dynamic, a pillar of economic standards, that is fueling the gains in value in our market.

With rates still historically low and house prices poised to continue to rise, NOW is still a great time to buy.

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why:

04/14/2018

The majority of buyers cannot just “come with cash”, as one point of this article suggests, but the rest of what it touches on may be points worth considering deeper.

You will need local real estate and mortgage professionals to dive deeper. Message us for more on that!

This spring's housing market is possibly the most competitive in history. Supply is low and both demand and prices are high. Bidding wars are more and more common. Here are the best tips on how to win one.