What’s Ahead For Mortgage Rates This Week – September 28, 2020

Financial Reports , ,
  Last week’s economic news included readings on new and existing home sales and Fed Chair Jerome Powell’s testimony on changing the Fed’s business loan policy. Weekly readings on mortgage rates and jobless claims were also released. Sales of New and Pre-Owned Homes Rise In August New homes sold at a seasonally-adjusted annual pace of 1.01 million sales; analysts expected the sales pace to fall to 900,000 sales from July’s reading of 965,000 new home sales. Homebuyers turned to new homes as the supply of pre-owned homes dwindled. Homeowners stayed put as fears over COVID-19 contagion limited sales. Pre-owned homes…
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Six Key Questions to Ask when Hiring a Real Estate Agent to Market and Sell Your Home

Home Seller Tips , ,
The work of a real estate agent can make or break how a prospective buyer feels about the property. Now that it's time to sell your home, you want to find the right agent to market it. How do you find someone you can trust who will make you feel confident they can sell your home quickly for the best price possible? Here are the questions you should be asking. Are They Licensed? This one is the easy one. You should be working with a member of the National Association of Realtors®. It is also important that you check whether…
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Three Key Tips for Assessing Value To Find Out How Much Your Home Worth in Today’s Market

Mortgage Tips , ,
If you're thinking about putting the house on the market, or are simply curious about its value in the current economic atmosphere, it's essential to get an honest assessment of its value. An overly inflated figure won't hold up and will only turn potential buyers away. It's best to get a fair assessment in order to ask a reasonable price or avoid over-extending oneself when it comes to taking out a home equity loan. Consider these three key tips to get a true assessment of a home's value. Identify Positive Features About The Home And Property When seeking an appraisal…
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Considering a Major Home Addition? Why a Detached Garage Can Drastically Improve Your Resale Price

Mortgage Tips , ,
Before you make a major structural change to your property, it is important to consider how this will affect your resale value. While there are many steps that you can take to improve your property, the addition of a detached garage may be beneficial to you and may drastically improve your resale price when you are ready to sell. You can contact a trusted real estate agent today to obtain customized information about how the addition of a detached garage may affect your property's value. Adding Square Footage to Your Home As a property owner, you may be well aware…
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