Posts in category 'Buying A Home'

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

Sam Khater, Freddie Mac's Chief Economist, had this to say:

"Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week.

Not only are buyers facing higher borrowing costs, gas prices are currently at four-year highs just as we enter the important peak home sales season."

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You May Be Surprised!

CoreLogic's latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.

"U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year."

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic's Chief Economist, explains:

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Highlights:

• When listing your house for sale your top goal will be to get the home sold for the best price possible!
• There are many small projects you can do yourself to ensure this happens!
• Your Montague Miller & Co real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Each year Charlottesville and Albemarle County hosts the annual Virginia Festival of the Book, a program of Virginia Foundation for the Humanities (VFH). The Virginia Festival of the Book is an annual five-day celebration of books, reading, literacy, and literary culture. The Festival is the largest community-based book event in the Mid-Atlantic region and has attracted audiences of more than 20,000 from more than forty states for each of the past twelve years. Held in Charlottesville each March, the festival features readings, panels, and discussions, as well as a StoryFest day of children's literature. All programs are open to the public; apart from a few ticketed events, programs are free of charge.

Totali...

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