This question — are mortgage rates going to go back down soon? — is on everyone’s mind. Unfortunately, most experts think rates have either plateaued or may continue to rise throughout the rest of 2022. On July 27, Bankrate quoted chief economist at the Mortgage Bankers Association as saying, “There is a tug-of-war in market…
When the real estate market is hot and competitive it can seem impossible to purchase a home, but with these tips for buying in a seller’s market, you can increase your odds of success. A seller’s market means there is greater demand (buyers) than supply (homes on the market). When supply and demand is out…
Part of the home mortgage loan application process is a review of your credit history and credit score, so a common question is, “What kind of credit score do I need to buy a home?” This is a fair question. And while we’ll give you some general guidelines, the very best answer will come from…
Nothing lasts forever, and that’s certainly true of the record low mortgage rates we’ve enjoyed recently. Mortgage rates are on the rise as we continue to recover from the pandemic, although they’re still at historically low levels. According to BankRate, the upward trend for mortgage rates is likely to continue through the year as more…
Seems like each time that rates hit a new record low this year, we turn around and see mortgage rates still dropping even further. But will that continue? Now that the election is over and positive news of a coronavirus vaccine has been announced, we may see rates start to go back up … a…
Earlier this month, we saw mortgage rates drop to a new record low … even lower than the seven other record lows hit already in 2020. Freddie Mac reported that the average interest rate on a 30-year fixed-rate mortgage recently fell to 2.88%. If you were wondering, that’s the lowest they’ve seen in their 50-year…
If you need to know how to prepare for unexpected costs of buying a home, then we’ve got a plan you can implement today! Here’s how to get started. Consider the Hidden Costs of Buying a Home Houses are expensive. But costs extend beyond the sticker price. Zillow estimates: Americans shell out approximately $9,000 per…
If you’re wondering “how much are property taxes,” then keep reading. Use this guide to assist you. As you estimate your property taxes. Consider the Calculations: Fresno County Property Tax Tax-Rates.org reports, “The median property tax in Fresno County, California is $1,666 per year for a home worth the median value of $257,000. Fresno County…
We’ve uncovering common home buying myths and calling them busted! So, you can make the best decision for you and your family. Common Home Buying Myth: #1 Buying is always better than renting. Not. Even though it’s one of the most popular myths out there. Buying is not always better than renting. Truth is it…
Counting down: the Top 3 Reasons to Hire Foxen Realty Fresno & Clovis #3 Experienced in the Multi-Layered Home-Buying & Home-Selling Process. We are home-buying and home-selling experts. Plus, we know the local real estate market and all of its facets, well. Let us guide you through the selling and buying experiences, so you…
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