How to talk to first-time buyers about mortgage interest rates

As a new real estate agent just 12 months into my career in real estate, I am low on the totem pole at Keller Williams Realty Falls Church, Virginia. That means I pursue some leads that more established agents can’t be bothered with, such as uncertain first-time buyers.

What rising interest rates mean for real estate investors

It’s no secret that the most valuable real estate agents are those who have the skills and expertise to act as a one-stop shop for client needs. As the market has become increasingly competitive, so too has the real estate industry, and differentiating your value proposition means leveraging marketing, social media strategy, SEO and market insight all in addition to basic real estate know-how …

Rate Rises Again in Second of 3 Expected Hikes

The Federal Reserve voted on Wednesday to raise the key interest rate one-quarter percentage point, ticking off the second of three hikes slated for this year. Analysts largely predicted the outcome, even as lagging inflation gave cause for concern. “In view of realized and expected labor market conditions and inflation, the [Federal Open Market] Committee […]

The post Rate Rises Again in Second of 3 Expected Hikes appeared first on RISMedia.

Mortgage Rates Dribble Down

Mortgage rates dribbled down this week after a month of minimal movement, with the 30-year fixed-rate mortgage averaging 4.1 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The movement of rates is off-mark from that of the Treasury yield, says Sean Becketti, chief economist at Freddie Mac. “The 10-year Treasury yield […]

The post Mortgage Rates Dribble Down appeared first on RISMedia.

Mortgage Rates Rise from December to January

Mortgage interest rates for conventional purchase loans rose from December 2016 to January 2017, with the National Average Contract Mortgage Rates for the Purchase of Previously Occupied Homes by Combined Lenders Index at 4.22 percent—a 22-point increase, the Federal Housing Finance Agency (FHFA) recently reported. The average rate for a conventional 30-year fixed-rate mortgage totaling […]

The post Mortgage Rates Rise from December to January appeared first on RISMedia.

The Fed just hiked interest rates — what to expect

Today, the Fed met and decided to hike rates. What’s that mean for real estate agents and their buyer and seller clients …

Should I rent or should I buy?

In this week’s video, Peter Lorimer of PLG Estates breaks down the value of buying versus renting a property, factoring in market conditions like interest rates, sale prices, personal investment and more.

Why the FICO score desperately needs a makeover

It matters to you how much interest you pay when getting yourself a mortgage, but do you care how much your clients pay in interest cost when they’re buying a home? The truth is, as long they qualify for a loan, you probably don’t care …

Will real estate’s fintech boom go bust in 2016?

Although 2015 was a record-setting year for venture capital, investors are becoming stingier with their funding, according to a recent global analysis by KPMG Enterprise and CB Insights …

Berkshire Hathaway survey shows split opinions on interest rate impact

How real estate consumers feel about the Federal Reserve’s recent interest rate increase may depend on whether they already own a home or are planning to buy one, according to a recent Berkshire Hathaway HomeServices survey …