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...

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...

What You Can Expect from the Spring Housing Market

by Wells Funding Group | Mar 24, 2022 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate...

This Spring Presents Sellers with a Golden Opportunity

by Wells Funding Group | Mar 14, 2022 | For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be...

Key Terms for Homebuyers [INFOGRAPHIC]

by Wells Funding Group | Mar 11, 2022 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Infographics, Interest Rates, Move-Up Buyers

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the...

Key Factors That Impact Affordability Today

by Wells Funding Group | Mar 9, 2022 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now...