New Option Mortgage, Inc.

04/23/2019

“We’re also seeing very favorable mortgage rates, so now would be a great time for those buyers who may have been waiting to make a purchase.”

- National Association of Realtors, 2019

Existing-home sales retreated in March, following February’s surge of sales.

01/29/2019

Although our "housing market may be cooling off," aspiring home owners are being forced to reduce their budget.
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Why?: "Rising interest rates are seriously reducing Americans' home buying power."
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Stats: "A household who could've afforded a home valued at $393,700 in January 2018, could only afford a $373,000 home today."
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Fact: "A household should spend no more than 1/3 of its income on housing-related costs."

A cooling housing market could mean lower prices, but it’s not all good news for buyers.

12/18/2018

🎄 Happy Holidays to you & your loved ones! From your New Option Mortgage family! 🎄