Advisors Mortgage Group - Kevin Duerkes

07/29/2022

When you sell, the price you list your house for matters. When you price it too high, you risk deterring potential buyers, which means your house could sit on the market for longer or need a price adjustment. Finding the perfect list price takes expertise. If you want to be sure it’s priced right to move fast in today’s housing market, DM me.

07/27/2022

If you’re a homeowner looking to move, you have a great opportunity today thanks to your home equity. Ongoing home price appreciation has driven your home’s value up. The resulting equity may be some (if not all) of what you need for your down payment on your next home. To find out how much equity you have in your house, DM me.

07/25/2022

Wondering if home prices are going to fall? Even though the market is undergoing a shift and inventory is increasing, experts say home prices won't fall. Instead, they're forecasting prices will climb, just at a slower pace. DM me if you have questions about what's happening with home prices in our area.

07/20/2022

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market. “Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are still subject to demand and very tight supply.”

No one knows how long it’ll take to bring down inflation, and that means the future trajectory of mortgage rates is also unclear. While that uncertainty isn’t comfortable and there’s no denying it’s more expensive to buy and finance a home this year than it was last year, it doesn’t mean you should pause your...

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

07/18/2022

Today’s housing market is shifting, but we’re still in a sellers’ market. We're going from a market that's unlike any we've ever seen to one more like pre-pandemic. And the years leading up to the pandemic were some of the best years real estate has seen. DM me so we can discuss our local market and why it's still a good time to sell.

07/11/2022

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior. But why is this recent dip such good news for homebuyers? As Nadia Evangelou at NAR explains, “According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a result, home buying is about 5 percent more affordable than a week ago. This translates to about $100 less every month on a mortgage payment.”

That’s because when rates go up (as they have for the majority of this year), they impact how much you’ll pay in your monthly mortgage payment, which directly affects how much you can comfortably afford. The...

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

07/08/2022

According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, let’s connect today.

Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find....

07/06/2022

Buyers and sellers both have opportunities today. For sellers, houses are still selling quickly and prices are climbing – that's why many homeowners are listing their homes. For buyers, those additional options give you more to choose from in your home search. Ready to make a move? Let’s connect to discuss your goals and make them a reality.

07/04/2022

Wishing you and your loved ones a happy and safe Independence Day.

07/01/2022

The latest data from NAR shows more than half of the homes sold in May went for above asking price. As a homeowner, that’s a good sign you could get a great price for your home when you list. If you’re planning to sell this summer, DM me today and let’s discuss your options.

06/29/2022

A home is lot of things – it’s a roof over your head, a place to call your own, and it’s typically a strong financial investment. That’s why homeownership still ranks as the top accomplishment Americans feel proud of. DM me so you have an expert guide to help you accomplish your dream of .

06/24/2022

When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house. If you’re ready to sell, DM me to find the perfect price for your house.

Some Highlights When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where price...