Walter Alexis

06/07/2023

The Main Reason Mortgage Rates Are So High

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:

>>Why Are Mortgage Rates So High?

The 30-year fixed-rate mortgage is largely influenced by the supply and demand for mortgage-backed securities (MBS). Demand for MBS helps determine the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate. Historically, the average spread between the two is 1.72.

Last Friday morning, the mortgage rate was 6.85%. That means the spread was 3.2%, which is almost 1.5% over the norm. If the spread was at its historical average, mortgage rates would be 5.37%.

This large spread is very unusual. The good news is, that means there’s room for mortgage rates to im...

Today’s mortgage rates are top-of-mind for many homebuyers right now.

06/06/2023

Real Estate Is Still Considered the Best Long-Term Investment

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds.

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.

Why Do Americans Still Feel So Positive About the Value of Investing in a Home?

Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes, “. . . homeownership is a catalyst for bu...

With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.

06/05/2023

Typically, rents increase when inflation is high. One of the big perks of homeownership today is you can stabilize your monthly housing expense by having a fixed-rate mortgage. If you continue to rent, you don’t have that same benefit and aren’t as protected from rising rent costs. Connect with me today to start your journey to homeownership.

06/04/2023

Reasons To Own Your Home [INFOGRAPHIC]

June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home. Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future. Are you ready to enjoy all the amazing advantages that come with owning a home? Let’s get in touch to start the process today.

June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home.

06/03/2023

While the headlines about foreclosures rising may sound alarming, here’s what you need to know. Foreclosure filings have ticked up slightly, but the increase was expected as the foreclosure moratorium ended. Filings are much lower today than in pre-pandemic years. If you have questions about what you're hearing in the news, let’s connect.

06/02/2023

June is National Homeownership Month, and it’s the perfect time to consider the benefits of owning a home. If you own your home, take time this June to celebrate the ways homeownership has added value to your life. If you hope is to become a homeowner this year, let’s connect today to take the first steps toward achieving your dream.

06/01/2023

The True Value of Homeownership

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

>>You May Feel Happier and More Fulfilled

Owning a home is associated with better mental health and well-being. According to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.

>>You Can Engage in Your Neighborhood and Grow Your Sense of Community

Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. After all, it make...

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging.

05/31/2023

Keys to Success for First-Time Homebuyers

Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but you’ll have to overcome some factors that have made it more challenging in recent years. That said, if you’re looking to purchase your first home, here are two things you can consider to help make your dreams a reality.

>>Save Money with First-Time Homebuyer Programs

Being able to pay for the initial costs and fees associated with homeownership can feel like a major hurdle. Fortunately, there are a lot of public and private first-time homebuyer programs that can help you get a loan with little-to-no money upfront. And many of these programs are offered by state and local governments. To take advantage of these programs, contact the housing authority in your state and browse sites like Down P...

Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better.

05/30/2023

If you’re thinking about selling your house, now is still a great time to make your move. That’s because there aren’t enough homes for sale today to meet the current buyer demand. This means you may see multiple offers as buyers compete for your house because their options are limited. DM me today if you’re ready to get your house on the market.

05/29/2023

Remember and Honor Those Who Gave All

We remember and honor those who gave all.

05/28/2023

Owning a Home Helps Protect Against Inflation

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still makes sense to buy a home today. The short answer is – it does. Here’s why.

Homeownership actually shields you from the rising costs inflation brings.

Freddie Mac explains how: “Not only will buying today help you begin to build equity, a fixed-rate mortgage can stabilize your monthly housing costs for the long-term even while other life expenses continue to rise – as has been the case the past few years.”
Unlike rents, which tend to rise with time, a fixed-rate mortgage payment is predictable over the life of the mortgage (typically 15 to 30 years). And...

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more.

05/27/2023

Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]

If you want to sell your house, consider doing it this summer. The days are longer, the weather is warmer, and it’s a great time for sellers. If your needs have changed, now’s the time to capitalize on the low inventory and multiple offers in today’s sellers’ market. Let’s connect today if you’re ready to sell your house and move to a home that meets your changing needs.

If you want to sell your house, consider doing it this summer.