Elaine Giddens, Realtor Weichert Realty JBR Legacy Group Dothan

07/31/2023

US Homebuilder Sentiment Surges

Elaine S Giddens is a real estate agent with Weichert Realty JBR Legacy. Check out Elaine S Giddens's listings or office listings.

07/30/2023

How high will mortgage rates climb? Experts weigh in
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Mortgage rates have been high for some time and are currently the highest they have been this year. Experts predict that rates could reach or exceed October's high of 7.2%, but will not go astronomically higher than that. The Fed is likely entering the later stages of its interest rate hiking cycle....

07/13/2023

US Homebuyers Compete for Limited Housing Inventory

Elaine S Giddens is a real estate agent with Weichert Realty JBR Legacy. Check out Elaine S Giddens's listings or office listings.

07/04/2023

Americans haven't felt so confident about house prices since July 2022, despite high interest rates. Here's why.
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The housing market sentiment is overall positive, with expectations for median home prices increasing in May. However, high interest rates and low housing inventory are causing prices to rise, and the total number of homes for sale decreased last month. Despite this, potential buyers are not taking....

06/26/2023

Is It Better to Build or Buy a New Home in Alabama?

Elaine S Giddens is a real estate agent with Weichert Realty JBR Legacy. Check out Elaine S Giddens's listings or office listings.

06/25/2023

Why '20 Percent Down' Is A Home-Buying Myth In 2023
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The requirement of a 20% downpayment for a home loan is no longer the standard, and buyers can now put down anywhere from 5-20%, depending on their situation. Factors such as credit score, income, and age all affect the amount of the downpayment, with conventional loans requiring a minimum of 3%. Ad...

06/17/2023

3 things to know when financing a home with 401(k) withdrawal
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The real estate market in Arizona has cooled down, with the median home price in Phoenix being $410,500. For those who want to enter the market, there is an option of borrowing against their 401(k) funds with no penalties for purchasing a primary residence. However, this type of loan must be repaid....

06/11/2023

This Tip Can Get You a Really, Really Low Mortgage Rate
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An assumable mortgage is an agreement that involves taking over a seller's loan, including its terms, and can help lower monthly payments. To qualify for this type of mortgage, the seller's lender will look at the buyer's credit history and debt-to-income ratio, and the buyer will need to pay the se...

05/30/2023

Buyers seeking smaller and more affordable homes, property professionals report
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05/22/2023

Home Purchase Sentiment Improves in Early Spring 2023

Elaine S Giddens is a real estate agent with Weichert Realty JBR Legacy. Check out Elaine S Giddens's listings or office listings.

05/21/2023

How interest-only mortgages can be risky for borrowers and lenders
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Interest-only mortgages are a type of loan where the borrower pays only the interest for a set period of time before having to pay off the principal. These loans were a major part of the economic climate leading to the 2008 financial crisis and are now only available to those with high incomes, larg...

05/13/2023

Current mortgage rates dropped from this time last week
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Mortgage rates in the U.S. on Friday, April 21, changed from the same time last week, according to data from Bankrate. The average rate for a 30-year fixed-rate loan was 6.93%, up 1 basis point from the previous day and down 3 basis points from the prior week. Rates for 15-year fixed-rate loans, jum...