Tyson Hare Mortgage Loan Officer

11/29/2023

The conforming loan limit has increased. Find out more click here. https://www.intercaplending.com/2024-conforming-loan-limits/?loan-officer=tyson-hare

11/16/2023

Purchase today, receive a free refinance later. Apply now at: https://www.intercaplending.com/loan-officer/tyson-hare/

Tyson Hare Loan Officer NMLS # 1008232 I NMLS # 190465 I Equal Housing Lender

11/08/2023

Curious about a 3-2-1 buydown and how it can help you? This is a great tool that can help with your monthly payment when purchasing a home. Give me a call.

Tyson Hare Loan Officer NMLS # 1008232 I NMLS # 190465 I Equal Housing Lender

09/20/2023

When the Fed Goes to Extremes.
The Fed Funds rate has been higher than the 10-yr treasury yield only 4 times in the last 40 years. We’re in one of those periods right now. But there’s reason for hope: in the past, every time the Fed went to extremes like this, it was soon forced to correct and start cutting rates, and treasury yields (and mortgage rates) moved sharply lower.

04/05/2023

Come see us at our new location, we are looking forward to seeing you! Main entrance is the glass door, offices down the hall.

02/22/2023

Intercap Lending is excited to announce we are moving. Watch for our new Location in Richfield to be revealed soon!!!!

09/09/2022

https://hmbt.co/fBnaAD What is your home worth? Free Month Home Evaluations.

Homebot is a monthly financial dashboard that enables you to maximize the wealth from the single largest asset you will ever own.

08/03/2022

Home Inventory Explained:

Existing home inventory is up 22% from its lowest level in February. Many in the media are claiming that this rise in inventory will lead to a housing crash. But a deeper look shows that this build in inventory is a normal occurrence that happens every spring and summer.

Families want their children to enter a new class at the beginning of the school year to more easily form friendships. This means they would have to close on the purchase of their new home before September. Naturally, they would have to list their existing home for sale during the spring and summer months to accomplish this, which explains why the inventory build occurs this time each year.

Additionally, the amount of existing homes for sale currently is less than half of what was available pre-Covid. So, the increase we have seen is actually from a historic low. And of those homes counted in inventory, more than half are under contract. This means true available inventory is even less than the headline.

The increase in inventory from such low levels isn’t all bad, as it makes purchasing a home a little easier. And while demand has cooled, it is highly unlikely that the housing fears in the media will materialize. To see what the appreciation forecast is in your local market, contact me!

06/09/2022

have you ever wondered if buying or renting is the better option? We have a calculator that can help you answer those questions. Give me a call 435-201-1068 or visit https://www.intercaplending.com/loan-officer/tyson-hare/.

04/25/2022

Are we in a Housing Bubble? Buy now or wait? Is the market affordable? These are tough questions and as mentioned in my earlier post are not really the best questions you can ask yourself if your looking to buy. I would like to shed a little light on the market though. The imaged attached is the existing home inventory for March 2007, 2012, 2017, and 2022 for the whole nation. We currently only have 950,000 homes on the market. Compare that to 2007 just before the housing crash. 2007 lots of homes for sale, coupled with crazy lending, and job loses equaled a housing crash. Too much supply for the demand. 2022 very few homes for sale, demand is huge, and lending has tightened. No one knows what is going to happen, but hopefully this can help shed a little light on what is going on. Also remember that affordability is a personal matter and not based on what the market is doing or going to do.

Tyson Hare Loan Officer NMLS # 1008232 I NMLS # 190465 I Equal Housing Lender

04/20/2022

Homes appreciated in our region 23.1% on a year over year basis. Will they continue to rise with rising rates? I think there are better questions we can ask ourselves before we answer that.

1. Why are you buying a home? Primary residence, second home, investment. This answer goes a long way in decided if it is a good time to buy.
2. If the prices fall or rise what does that mean for me?
3. Does the payment on the home accomplish my goals. Does your payment fit your budget?

Worrying about what the housing market will do should be one of the last factors to consider in making a decision to purchase a home. The questions above will help make your decision much easier than stressing about rising prices and rates.

If you are looking to purchase a primary residence one of the most important things to consider is can you afford your payment on your current budget? If you can do that and you plan to be in the home for the foreseeable future, home prices rising or falling will take a back seat. For example: You buy a home now and in a year your house value drops. If you can continue to make your payment and don't need to sell the home then you will make it through until prices recover. If we look back through time housing prices have always recovered. Could you have saved money waiting to buy during a down turn? Maybe and that is a big maybe. Trying to time the market perfectly is very hard to do. Are there unforeseeable things that happen. Of course there are. Losing a job, having to move, health issues. Just keep in mind those thing will a happen weather you got a good deal on a home or not.

Bottom line is if you can afford the payment now and you are in the market to buy the best time is now.

If you are an investor there are plenty of other strategies to go over.

Give me a call. I would be happy to discuss lending strategies and the market today!

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. While you can have a million-dollar home with a conforming loan amount, it’s typically measuring your lower priced homes. Prices r...

04/20/2022

Housing Starts increased 0.3% in March at an annualized rate of 1.79M units. Year over year, Starts are now up 3.9%. Single family, which is most important, decreased by 1.7% are now down 4.4% from last year. Permits rose by 0.4% last month and are up 6.7% on a year over year basis. Single family pe...