Colette Singleton

02/23/2023

Great news for FHA mortgage borrowers! 🥳

This week, the Department of Housing and Urban Development announced a 30 basis point reduction (.3% of the loan balance) to the annual mortgage insurance premiums charged to FHA mortgage borrowers.

With this lower rate, homebuyers who purchase a home with an FHA mortgage after March 20 will be able to save an average of $800 in mortgage insurance costs every year.

Read our latest article to learn more about FHA mortgage insurance premiums and how this change will affect you 👇

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On February 22, the Department of Housing and Urban Development (HUD) announced a 30 basis point reduction (.3% of the loan balance) to the annual mortgage insurance premiums (MIP) charged […]

02/13/2023

Do you know the difference between FACT and FICTION when it comes to the housing market? 🧐🏠 You will soon!

Join us this Wednesday, February 15th for a virtual discussion all about Inflation, Interest Rates, & The Housing Market. You'll learn what to expect with rates and affordability this year, why demand is increasing and supply is so low, and why we believe the housing market is NOT heading for a crash.

Buying a home is a big decision, and I know this discussion will help you overcome any fear and be confident in that decision. You can learn more about the event and register at the link below. ⬇️

Learn what is influencing home prices and affordability today, so you can navigate the housing market with more confidence in 2023.

02/01/2023

Our mission at NEO is to help you build wealth and find financial freedom through smart mortgage and real estate planning. This starts with helping you understand what factors cause the housing market to fluctuate, so you can plan for the future and make a good investment that fits your lifestyle and financial goals.

There’s a lot of news chatter about a pending housing crash or bubble, but if you actually look at the factors that influence home prices today, you can see how wrong that is 📊 👀

Check out our latest article below to learn more about what is influencing home supply and demand today to understand just how different things are from the years leading up to 2008 - I think you'll be surprised!

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If you’ve been following our blog, you know we’ve written a lot of articles about why today’s housing market is vastly different from the one that preceded the 2008 housing […]

01/23/2023

Do you have trouble understanding what causes mortgage rates to change?

Mortgage rates follow inflation, and the latest Consumer Price Index report for December shows once again that inflation is coming DOWN. This means mortgage rates are headed lower, housing will become more affordable, and the higher demand will keep home prices stable throughout the year.

If you have questions about where home prices and interest rates are heading this year, check out our 2023 Housing Market Forecast below!

The U.S. housing market in 2022 was a rollercoaster. The year started with home prices at record highs and interest rates still closely holding the all-time lows that were set […]

12/22/2022

While home price appreciation has moderated this year, that doesn’t mean homeowners have lost all the equity they gained during the pandemic frenzy.

Despite the headlines, the average homeowner still gained $34,300 in equity over the last year!

Why is this important? While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

If you're considering a move and would like to know how much equity you have in your home, send me a message or visit my website to request a move-up analysis!

https://colettesingleton.neohomeloans.com/

12/13/2022

Lately, because of the state of the market, some “experts” are shouting that the housing market is heading for a collapse in 2023. But is that really the truth? NO!

Not only do we believe housing is still a great investment that will go a long way toward helping you create wealth and build a secure retirement, we also believe now is one of the best times to buy that we’ve seen in the last couple of years.

Housing prices have skyrocketed over the last couple of years for three big reasons: Historically low interest rates Lower inventory of homes coming to market due to homeowners choosing to […]

11/23/2022

A lot of media outlets are still saying we are about to see a repeat of the 2008 housing market crash. Well, we disagree! 👎

What is happening in the housing market today is a normalizing of two years of out-of-control buyer demand and insufficient home supply, but it is still the farthest thing from 2008 – and the fears of a crash are creating HUGE opportunities for homebuyers. 🏘💰

Check out our latest article to see why!

A lot of media outlets are still saying we are about to see a repeat of the 2008 housing market crash. Well, we disagree, and we have the statistics to […]

11/11/2022

Great news for mortgage rates!

After calmer than expected inflation, rates rallied to their lowest point in almost 2 months and recorded their biggest one day drop in history.

Check out our latest article below to find out why this happened and what it means for rates going forward.

After consumer data showed that inflation cooled in October, mortgage rates fell on Thursday by their biggest margin EVER, according to data from Mortgage Daily News (MDN). The Consumer Price […]

11/02/2022

High rates are severely affecting homeowner affordability, and this change in demand has caused home prices to dip slightly over the last few months. But there is one big factor that will continue to prevent a steep decline in home prices – inventory.

Here’s why low housing inventory is still preventing prices from crashing.

“Home prices falling faster now than in 2006.” This is a popular headline that has hit the news outlets recently, and it is causing even more panic for potential homebuyers. […]

10/26/2022

Using an interest rate buydown strategy is a great way for you to get into a home sooner and benefit from price appreciation immediately, rather than waiting to buy in the hope that rates drop in the future.

Here’s everything you need to know about temporary vs. permanent interest rate buy downs.

As the housing market continues to balance, we are seeing more sellers reduce the list prices of their homes to attract more buyers. But did you know that for most […]

10/19/2022

When buying a home in a high-interest rate environment, it’s important to understand how the refinance process works and what the cost implications will be so you can be prepared to take advantage of the savings opportunities when rates drop.

Our latest article details all the potential costs that may be included with your refinance. Check it out below!

Refinancing your home means getting a new loan to replace your current mortgage, which could lower your monthly payment or your interest rate. However, just like when you first bought […]