fbpx

Where Are Mortgage Rates Headed in 2021?

Mortgage Rates

2020 was an odd year for the mortgage industry. Instead of a market crash due to the pandemic and economic turmoil, home prices and sales actually rose. At the beginning, low-interest rates, low unemployment, and rising rents drove the housing market up. As the pandemic wore on, people fleeing urban areas, or looking for more space to work from home, plus historically low interest rates kept demand for housing high. The important question is, where will interest rates go now?

Industry experts expect mortgage rates to rise in 2021. If you are not planning to buy or sell in the coming year, then hopefully you have refinanced, or will soon. We strongly encourage those thinking about selling to list now. There are still many people looking to buy, but the market will be changing. No one can predict with certainty how high mortgage interest rates will go or when, but four top experts weighing in with their thoughts and rationale, giving us a pretty good glimpse of where we are headed in 2021.

Housing Market Crash or Rise in 2021?

housing future

Instead of just relying a crystal ball, there are some facts that help predict what will happen to home buying and selling in the coming year.

Throughout the pandemic, residential real estate markets across the country have remained steady, and most have even seen growth. While we feel for those that are truly suffering due to COVID-19 related losses, there are positive economic indicators for the future. The Federal Reserve Bank of New York’s Center for Microeconomic Data released a consumer survey of responses in September 2020 entitled Survey of Consumer Expectations showing less pessimistic views about personal financials in the year ahead due to improvements in the labor market and spending expectations.

Should You Buy or Sell a Home During Covid-19?

family looking at computer

We often receive questions about whether this is the right time to buy, considering COVID-19 has hung around longer than expected. It’s understandable—both buyers and sellers are worried about making a move right now. However, for those in a good position to buy or sell, the timing is very good. Here’s why.

Top 10 Tips to Arrange Furniture Like a Pro!

furniture layout

Ever wonder how designers seem to effortlessly pull together a stylish and functional room? Years of practice does help, but with a few simple steps, you too can plan and arrange your furniture layout like a pro!

A good furniture layout is not only important for a nicely designed room. Proper arrangement helps traffic flow, defines spaces to a purpose and give them a focal point.

So, whether you’re staging to sell your home, or planning the layout of a new nest, get out a measuring tape, paper and pencil and get ready for an appealing room design.

Should You Buy Rental Property?

Minnesota Neighborhood

See if Investing in Real Estate is Right for You There are many ways to invest in real estate, but one way which typically generates income is through purchasing rental property. Sometimes people buy rental property to fix up and quickly sell, or flip. Another option is to invest in a property for the long-term … Continued