All posts tagged: Home Sales

Mortgage Interest Rates have seen Biggest Quarterly Climb in 28 years

This spike is a result of rising inflation and Federal Reserve rate hikes. The consumer price index (CPI) rose to 8.5% which is the highest level since 1981. The Federal Reserve starting rate hikes in March was the first increase since 2018. It is expected that the Federal Reserve will continue with rate hikes due to current aggressive inflation.

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Notary Near YouMortgage Interest Rates have seen Biggest Quarterly Climb in 28 years
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Mortgage Interest Rates see the Biggest 3-month Rate Spike since 1994

According to an article written by Matthew Graham for Mortgage News Daily “Adults who are old enough to remember 1994 have always had an ace in the hole when it comes to today’s young whipper snappers complaining about abrupt spikes in mortgage rates. Sure, even older adults have the first few months of 1980, but 1994 was a more compelling example because it wasn’t part of the once-in-a-lifetime inflationary spike.  As such, it is a more worthy comparison to any modern example of rate volatility.  As of today, the race between the first few months of 1994 and 2022 are neck and neck in terms of damage done to mortgage rates in a short amount of time.”

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Notary Near YouMortgage Interest Rates see the Biggest 3-month Rate Spike since 1994
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Home Buyer Sentiment is Low while Home Seller Sentiment is High!

There are many factors that affect home buyer and seller sentiment. Confidence, or lack thereof, in the economic future is a key consideration for both. In Fannie Mae’s National Housing Survey (NHS) seller sentiment is 36 point higher than October 2020, with buyer sentiment 60 points lower for the same period, in spite of the fact that interest rates remain low which is an advantage to buyers.

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Notary Near YouHome Buyer Sentiment is Low while Home Seller Sentiment is High!
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Some Homes Are More Interesting Than Others

What makes a residential property interesting to you may be quite different than what makes a property interesting to your friends, family, neighbor or co-worker. We aren’t talking about your typical home, we’re talking about uniquely interesting homes.  Maybe who owns it or owned it makes it interesting, like the homes of the rich and famous.  Maybe the original architect is notorious. Or maybe there is some other surprise that makes a home unique.

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Notary Near YouSome Homes Are More Interesting Than Others
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Notary Near You with Answers About Property Taxes

The Joy of Home Ownership is certainly one of life’s great highlights, but the joy becomes mixed with questions and concerns when the property tax bill arrives in the mailbox. Homeowner’s understand property taxes provide needed funding for schools, libraries, police & fire departments, road improvements & other infrastructure.  

However, what many homeowners do not understand are the factors that may cause their property taxes to increase. If your property tax bill reflects an increase over last year, here are the most common reasons that may be the cause:

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Notary Near YouNotary Near You with Answers About Property Taxes
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