The Kinney Team at Fairway Independent Mortgage Company NMLS # 1906086

07/12/2022

Today’s real estate market is shifting. If you plan to sell your house, that means it’s important to price it based on where the market is today, not where it was a few months ago. If you’re ready to sell, DM me, and let’s price your house right so you can maximize your sales price in today’s shifting market.

07/11/2022

Realtor.com keeps a close eye on housing inventory trends and as a result updated their 2022 forecast. They’re projecting a significant increase in the inventory of homes for sale. If you’re a buyer, that means more options for your home search. DM me so we can work together to find you your dream home.

07/11/2022

The Drop in Mortgage Rates Brings Good News for Homebuyers

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...

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

Wondering if you should buy a home today? Experts say home prices will continue to appreciate in the coming years. If you buy now, you’ll beat those future increases. And once you do own the home, any price appreciation that occurs will grow your home’s value and your net worth. DM me today if you’re ready to invest in homeownership.

07/08/2022

Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC]

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....

07/07/2022

The housing market is not in a correction. Forbes defines a correction as a 10-20% decline in value. Home prices are still appreciating, and experts project that will continue, just at a more moderate pace. In other words, home prices won’t fall, so there isn’t a correction. Have questions about the housing market? DM me today.

07/07/2022

What Does an Economic Slowdown Mean for the Housing Market?

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy.

All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this next slowdown affect real estate and the cost of financing a home?

According to Mortgage Specialists, “Throughout history, during a recessionary period, interest rates go up at the beginning of the recession. But in order to come out of a recession...

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow dow...

07/06/2022

If you’ve recently applied for a mortgage, there are several things you should avoid to make sure the process runs as smooth as possible. Most importantly, before you do anything, talk to an expert. If you have questions or are just getting started on your homebuying journey, DM me today.

07/06/2022

How Your Equity Can Grow over Time

Let’s start by establishing how you build equity in your home. While price appreciation is clearly a factor that can help boost your equity, you also build equity over time as you pay down your home loan. NAR explains, “Home equity gains are built up through price appreciation and by paying off the mortgage through principal payments.”

Record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says, “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.”

If you want to find out how much equity you have, partner with a trusted real estate professional for an equity assessment on your home. They can provide an expert opinion on what your house is worth today and how the...

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says:

07/05/2022

Do you know how much equity you have in your home? If you’re a homeowner, you may be surprised by just how much you’ve earned over time. Want to know what your figure is for your home? DM me for an assessment and let’s discuss how you can use that equity to power your next move.

07/05/2022

Is Homeownership Still the American Dream?

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of.

A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today, ranking above other significant milestones, including retirement, having a successful career, and earning a college degree.

That could be because owning a home is a significant wealth-building tool and provides meaningful financial stability. NAR explains, “Homeownership...

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your hom...

07/04/2022

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