Rhina Delgado

It’s a great choice for families or individuals who simply need more space, a better location, or want features their current home However, if you’re longing for that vacation vibe, a second home may be a better choice for you. ’re still not sure whether a move-up home or a second home is right for you, we can help. We can also send you property listings for both move-up homes and second homes within your budget so you can better envision each scenario.

It’s hard to imagine now, but the average U. S. mortgage rate reached a high of 18.63% in 1981.3 Fortunately for home buyers, inflation normalized by October 1982, which sent mortgage rates on a downward trajectory that would bring them as low as 3.31% in 2012.3 Since 2012, 30-year fixed rates have risen modestly, with the daily average climbing as high as 4.94% in 2018.4 the number one driver of low mortgage rates is the accommodating Federal Reserve stance to keep interest rates low and to buy up mortgage-backed securities. According to Yun, “we will see mortgage rates stay near this level for the next 18 months because of the significance of the Fed’s stance.”6 Low mortgage rates increase buyer demand, which is good news for sellers. With rates now at all-time historic lows, it’s hard to imagine that people may be holding out for something even better,” warns Paul Buege, president and COO of Inlanta Mortgage.12 Positive news about a vaccine or a faster-than-expected economic recovery could send rates back up to pre-pandemic levels.

It’s hard to imagine now, but the average U. S. mortgage rate reached a high of 18.63% in 1981.3 Fortunately for home buyers, inflation normalized by October 1982, which sent mortgage rates on a downward trajectory that would bring them as low as 3.31% in 2012.3 Since 2012, 30-year fixed rates have risen modestly, with the daily average climbing as high as 4.94% in 2018.4 the number one driver of low mortgage rates is the accommodating Federal Reserve stance to keep interest rates low and to buy up mortgage-backed securities. According to Yun, “we will see mortgage rates stay near this level for the next 18 months because of the significance of the Fed’s stance.”6 Low mortgage rates increase buyer demand, which is good news for sellers. With rates now at all-time historic lows, it’s hard to imagine that people may be holding out for something even better,” warns Paul Buege, president and COO of Inlanta Mortgage.12 Positive news about a vaccine or a faster-than-expected economic recovery could send rates back up to pre-pandemic levels.

Real estate professionals estimate that washing the outside of a house can add as much as $15,000 to its sales price.3 A rented pressure washer from your local home improvement store can help you remove built-up dirt and grime from your home’s exterior, walkway, and driveway. In fact, it’s one of the most effective ways to revitalize a home’s exterior, update its interior, and make it appear larger and brighter. However, it’s important to consider a property’s architecture, existing fixtures, and regional design preferences, as well. With an average return on your investment of 169%, it’s well worth the effort and expense.14 Real estate professionals estimate that a closet remodel can add $2500 to a home’s selling price.