The Coverdales on Real Estate

09/18/2026

🏘️Mortgage Rates Surge to 18-Month High of 6.95% After Fed Hike🏘️

Mortgage rates reached their highest level in nearly 18 months, driven by climbing Treasury yields that hit a level not seen since 2007 ahead of the Federal Reserve’s rate increase decision.

The average rate on 30-year fixed home loans jumped to 6.95% for the week ending Sept. 17, up 19 basis points from 6.76% the previous week and the highest since late June 2025, according to Freddie Mac. For perspective, rates averaged 6.26% one year ago.

This marks the biggest one-week rate increase since April 2025, when the economy was roiled by President Donald Trump's tariff policies.

The average rate on 30-year fixed mortgages soared to 6.95% for the week ending Sept. 17, up 19 basis points from last week.

09/11/2026

Wishing you joy and peace this new year!

09/11/2026

🏘️Data Centers Are Moving Closer to Homes. What Does That Mean for You?🏘️

Data centers probably weren’t on your list of things to think about when buying or selling a home.

School districts? Sure. How close you are to family? Absolutely. A large building full of computer servers down the road? Probably not.

But that may be changing.

Data centers are popping up in more communities across the country. And as they do, buyers and homeowners are starting to wonder what having one nearby could mean for everything from home values to utility bills. So, let’s get into what the data actually says. Because there’s a lot more nuance here than if they’re “good” or “bad.”

Data centers probably weren't on your list of things to think about when buying or selling a home.

09/11/2026

"Even the smallest act of service, the simplest act of kindness, is a way to honor those we lost, a way to reclaim that spirit of unity that followed 9/11" - Barack Obama

09/07/2026

Wishing you a relaxing labor day!

09/04/2026

🏘️Adjustable-Rate Mortgages Are on the Rise: Why the Riskier Loan Is Enticing Homebuyers More Than Ever🏘️

Prospective homebuyers continue to face a complicated hand when playing in the housing market as summer 2026 comes to a close.

Mortgage rates ticked up slightly in late August, with the average 30-year fixed home loan rising to 6.66% for the week ending Aug. 27—up 1 basis point from 6.65% the previous week, according to Freddie Mac. For perspective, 30-year fixed rates averaged 6.56% one year ago.

Meanwhile, at its July 2026 meeting, the Federal Reserve opted to hold interest rates steady for a fifth straight time, keeping the lower end of the target range at 3.5%, where it has remained since January. As with previous meetings, stubborn inflation was cited as the primary driver behind the Fed's pause.

An ARM might help you snag a lower introductory mortgage rate—but with mortgage rates on the rise, is the risk worth the reward?

09/01/2026

Congratulations to our sellers on their closing today!

With a $109,000 increase in value from when they purchased in 2022 and a sale price 13% above list, these sellers made a great investment!

Thank you for trusting us to help you enter your new chapter down south!

08/21/2026

🏘️The Nationwide Home Insurance Crisis Is About Far More Than Monthly Premiums Skyrocketing🏘️

Homeowners have gotten used to hearing bad news about insurance premiums. But a new nationwide analysis suggests rising prices are only part of the problem.

Home insurance is also getting harder to keep.

A first-of-its-kind report from the National Association of Insurance Commissioners (NAIC) found that insurer-initiated nonrenewal rates increased between 96% and 216% from 2018 to 2024, depending on the region. In 2024 alone, insurers initiated more than 2 million non-renewals nationwide.

Home insurance premiums are rising, but that's not the only problem. Nonrenewals are surging, leaving some homeowners with fewer options.

08/07/2026

🏘️The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000🏘️

Homebuying affordability is essentially flat from a year ago because monthly housing costs are increasing—and incomes are increasing at a similar rate:

The median U.S. home sale price rose 2.2% year over year in June, and the average mortgage rate came down slightly but was still elevated in the mid-6% range.

The median household income was an estimated $87,599, up 4% year over year.

The income required to afford a home soared in 2022 and 2023: Home prices skyrocketed amid the pandemic homebuying frenzy, then mortgage rates doubled. Now, the story is different, with the income needed to afford a home consistently dropping since October 2025. But the declines have been small, and the income required to afford a home is still $22,197 higher than the typical U.S. household income of $87,599.

Homebuying affordability is essentially flat from a year ago because monthly housing costs are increasing—and incomes are increasing at a similar rate: The...