Terry Schenck at Prosperity Home Mortgage

06/16/2026

Mortgage rate movement isn’t unusual — it’s part of the market cycle.

Since 1972, the average annual range in the 30-year fixed mortgage rate has been 1.40 percentage points. Since 2001, that average range has been 1.08 percentage points.

For buyers, sellers, and real estate professionals, context matters. Rate changes can feel big in the moment, but history shows movement happens every year.

That’s why having the right mortgage guidance matters — especially in a market where timing, strategy, and perspective can make all the difference.

06/15/2026

📊 Mortgage Mondays: One thing stands out in these forecasts: there's surprisingly little disagreement.

Major housing and mortgage economists all project mortgage rates near the 6.2%–6.5% range through 2027. For agents, that's a reminder that today's conversations should focus less on waiting for a magic number and more on helping clients understand their options in the market that's in front of them.

06/14/2026

Honoring the flag, the freedoms it represents, and the communities we’re proud to call home!🏡

Happy Flag Day! ❤️🤍💙

06/11/2026

Let Your Voice Be Heard! Vote for PROSPERITY HOME MORTGAGE as the Best Mortgage Lender in Fairfax County. Your vote counts!

Voting will close in two weeks. Be sure to cast your vote before 8:30 a.m. Friday, June 19.
VOTE HERE:
https://bit.ly/43Mj0sl

Thank you!

06/10/2026

Kitchen remodel debate: Open shelves 🪴or upper cabinets 🗄️?

One gives you hidden storage, the other gives you that styled, airy look.

Swipe through and tell us which one features in your dream kitchen! ⬇️

06/10/2026

4.83 star review received on Experience.com for Terrence (Terry) Schenck by Laura H - Terry's communication was amazing through the entire process! The whole process was seamless. Thank you so much

Click to see all 391 reviews of Terry Schenck at Prosperity Home Mortgage - Chantilly, Senior Mortgage Consultant | NMLS # 193123

06/09/2026

May’s housing market data tells an interesting story: asking prices are easing, buyers are still showing up, and regional inventory trends are shifting.

According to Realtor.com, median list prices were down 2.4% year over year, while pending listings rose 4.3%—a sign that buyers may be responding when homes are priced for today’s market.

Whether you’re planning to buy, sell, or simply watching the market, staying informed can help you make more confident decisions.

Source: www.realtor.com/research/may-2026-data/

06/08/2026

Rates get the headlines. Payments move buyers and sellers.

According to Redfin’s analysis of MLS data, homebuyer housing payments are now DOWN 1.6% year-over-year. 📉

That may not solve affordability overnight, but it does give agents something valuable: a reason to reopen conversations with buyers who paused, leads who went quiet, and sellers who need to understand where demand may be shifting.

The opportunity is not waiting for the “perfect” market.
It is helping clients understand the payment picture in the market they have.

Let’s turn hesitation into strategy instead.

06/08/2026

✨Starting your week with a spark of inspiration. Let’s make it a great one! 💪

06/06/2026

5.0 star review received on Experience.com for Terrence (Terry) Schenck by Oscar R - He made sure to keep me happy and took care of my needs and was quick to pick up the phone when I had questions . Being a young buyer couldn't have wished for a better lender . Terry is the man !

Click to see all 389 reviews of Terry Schenck at Prosperity Home Mortgage - Chantilly, Senior Mortgage Consultant | NMLS # 193123