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Mortgage Rates Soar to 2017 High
The average 30-year fixed rate mortgage climbed to 4.38%, a nearly three-year high, according to Bankrate.com. The current rate stands at 4.38%. This time a year ago, the rate was just 3.87%. Rising rates can be largely attributed to the anticipated Federal Reserve short-term interest rate hike next week. A strong employment report could prompt…
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How Much Should You Offer on a Home?
Making an offer on a home is a personal decision that considers a variety of factors, including budget, perceived value of the home, and competition from other buyers. Of course, there’s no “right answer” when it comes to understanding the best offer price, but it’s important to consider the current market situations to determine what may…
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The Top High Schools in Greater Philadelphia
U.S. News and World Report ranks the nation’s top high schools each year, and a number of Philadelphia-area schools were ranked among the nation’s and state’s best. The trusted ranking and analysis company evaluated data including graduation rates, academic excellence, and preparedness for college and careers. The Julia R. Masterman School in Philadelphia was recognized as…
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This is Where Mortgage Rates are Heading
The nation’s most closely-watched mortgage rate, the 30-year fixed, climbed two basis points this week to 4.31%. The 15-year fixed rate mortgage, a popular option for homeowners refinancing, increased just one basis point to 3.49%. And while it’s impossible to predict rates with any scientific certainty, mortgage experts believe that rates will likely continue to…
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Does Closing at the End of the Month Make Sense for You?
If you’ve purchased multiple homes or have experience in the real estate industry, you might be familiar with the conventional wisdom that suggests buyers will save money if they settle at the end of the month. However, it’s not that simple – and many buyers may actually benefit more from closing earlier in the month….
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Mortgage Rates Float Higher Week of Feb 27th
The average 30-year fixed rate home loan climbed higher this past week, according to Bankrate.com. Homebuyers can now expect to lock in a mortgage rate around 4.35%, up 8 basis points from the previous week. The average rate includes “points” which are an upfront fee paid in exchange for a reduced interest rate; if you…