Move-Up Buyers Archives - Page 4 of 12 - Joe Fernald

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For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages. Here are some important things to know about VA loans before you buy a

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Thinking About Using Your 401(k) To Buy a Home?

November 8, 2023

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

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Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You’re not alone. Some people think about tapping into their 401(k) savings to make it happen. But before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and

Don’t Believe Everything You Read About Home Prices

November 7, 2023

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths

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According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late 2022,

Homeowner Net Worth Has Skyrocketed

November 7, 2023

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy

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If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in

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Think Twice Before Waiting for 3% Mortgage Rates

January 17, 2023

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press

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Key Terms To Know When Buying a Home [INFOGRAPHIC]

January 13, 2023

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

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The Real Reason Home Prices are Increasing

November 30, 2017

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

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There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are

2 Charts That Show the Truth about Home Affordability

November 29, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy

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There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact

Low Interest Rates Have a High Impact on Your Purchasing Power

November 28, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is

The Cost of NOT Owning Your Home

November 27, 2017

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy

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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision,