Dan Susma - United Realty Group, Inc.

08/02/2024

Last year=rough year
Optimistically looking forward to a great 2024

30/12/2023

Happy New Year Everybody!
La multi Ani!

19/01/2022

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year:

Q1 2022: 3.4%
Q2 2022: 3.5%
Q3 2022: 3.6%
Q4 2022: 3.7%
As the numbers show, this jump in rates is in line with the expectations from Freddie Mac. And what they also indicate is that mortgage rates are projected to continue climbing throughout the year. But should you be worried about rising mortgage rates? What does that really mean for you?

As rates increase even modestly, they impact your monthly mortgage payment and overall affordability. If you’re looking to buy a home, rising mortgage rates should be an incentive to act sooner rather than later.

The good news is, even though rates are climbing, they’re still worth taking advantage of. Historical data shows that today’s rate, even at 3.45%, is still well below the average for each of the last five decades (see chart below):

That means you still have a great opportunity to buy now with a rate that’s better than what your loved ones may have paid in decades past. If you buy a home while rates are in the mid-3s, your monthly mortgage payment will be locked in at that rate for the life of your loan. As you can see from the chart above, a lot can change in that time frame. Buying now is a great way to protect yourself from rising costs and future rate increases while also securing your payment amount for the long term.

05/01/2022

I'll keep it real with you - buying and selling a home can be stressful and confusing. You'll want to work with an agent who is an expert in their field, can handle all of the stressful and heavy lifting, and is passionate about helping you.

04/07/2021

04/05/2020

"Unlike the stock market, home prices are not expected to drop because of the ongoing housing shortage and due to homes getting delisted during this time of crisis. For the past couple of months, we have seen the number of buyers grow as more people enter the market. Once the social distancing and quarantine measures are relaxed, we should see this temporary pause evaporate, and will have potential buyers return with the same enthusiasm.” – NAR® Chief Economist Lawrence Yun

06/04/2020

I know we are all finding ourselves with a lot more time at home these days, I'd love to hear what things you're doing to help pass the time. Leave me a comment and share!

04/04/2020

We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down.