Where Are Mortgage Rates Headed?

by Wells Funding Group | Apr 13, 2022 | For Buyers, Housing Market Updates, Interest Rates

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more...

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

by Wells Funding Group | Apr 11, 2022 | First Time Home Buyer, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to...

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

by Wells Funding Group | Apr 8, 2022 | For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average...

The Future of Home Price Appreciation and What It Means for You

by Wells Funding Group | Apr 7, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different...

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

by Wells Funding Group | Mar 30, 2022 | For Buyers, Housing Market Updates, Interest Rates, Pricing

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how...

The Best Week To List Your House Is Just Around the Corner

by Wells Funding Group | Mar 29, 2022 | For Sellers, Housing Market Updates

Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data...