Recessions and the housing market Economic recessions — and the response to them by the Federal Reserve — can affect the housing market in a number of ways. During a traditional recession, the Fed will usually lower interest rates. This creates an incentive for people to spend money and stimulate the economy. It also typically […]
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Free Mortgage Calculators Why Buy A House For Sale In CT With Us? Steve Schappert Steve Schappert Is An Author, Broker, Contractor & Real Estate Expert. When you hire an agent, you are actually hiring the broker. The Broker at Connecticut Real Estate is Steve Schappert. The national media has relied on Steve’s expertise in construction,
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[mlrates] Find A Connecticut Lender Why Buy A House For Sale In CT With Us? Steve Schappert Steve Schappert Is An Author, Broker, Contractor & Real Estate Expert. When you hire an agent, you are actually hiring the broker. The Broker at Connecticut Real Estate is Steve Schappert. The national media has relied on Steve’s expertise
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Make sure you know the impact of rising mortgage rates and prices on your monthly mortgage payment. This image shows you how monthly mortgage payments will increase as mortgage rates and home prices rise. Experts are currently projecting continued home price appreciation and a rise in mortgage rates. This means it will cost more to
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Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out,
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Don’t Wait For The Next Down Turn To Buy Your Dream Home. June 3, 2021 Unlike the rest of the country, Connecticut values have never recovered from the 2008 collapse. Despite the media frenzy values are rising steadily, but ridiculously high offers are getting squashed by appraisers. Those who wait could get locked
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Some HighlightsThe Power of Mortgage Pre-Approval before shopping for a Connecticut home. Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your
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Are Connecticut Interest Rates Expected to Rise Over the Next Year?. So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for
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4 Major Reasons Connecticut Households in Forbearance Won’t Lose Their Homes to Foreclosure. There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market.
How a Change in Mortgage Rate Impacts Your Connecticut Homebuying Budget. Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since
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