Parker Asselin of Acadia Lending Group

02/06/2024

02/05/2024

Interest rates have been all over the place for the last year, but why?

1️⃣ Economic Indicators: Mortgage rates dance to the rhythm of the economy. Employment rates, GDP growth, and inflation all sway the direction of interest rates.

2️⃣ Central Bank Policies: Keep an eye on The Federal Reserve. Their interest rate decisions can directly impact mortgage rates.

3️⃣ Market Conditions: Mortgage rates respond to the ebb and flow of the bond market. If demand for mortgage-backed securities rises, rates may dip, and vice versa.

4️⃣ Inflation: Markets will adjust for inflation. If inflation is on the rise, mortgage rates may follow suit. The Fed has said they want to see inflation back around 2% before any rate cuts.

5️⃣ Government Policies: Policies and incentives can play a role. Stay informed about any government moves that might affect the housing market.

01/30/2024

The number one hesitation I get from potential homebuyers is "I am going to wait for rates to come down". Sure, most experts are predicting that rates will come down over the next year, but is that really going to save you money?

According to Redfin, home prices in Maine were up 9.6% year over year in December. Below is a much more conservative estimate of the cost of waiting.

Interest rate isn't everything. There is a cost to waiting.

01/30/2024

NMLS 2003045
Company NMLS 370636

01/25/2024

Are you currently renting because you think you don’t have another choice? You may be eligible for a down payment assistance program and low down payment options. In the end, your mortgage could be less than your rent.

01/19/2024

This is a great listen for anyone thinking about jumping into the market this year. If you have 20 minutes, give it a listen!

‎Show NerdWallet's Smart Money Podcast, Ep How to Navigate Home Buying and Selling in 2024: Real Estate Prices, Interest Rates and More - Jan 18, 2024

01/17/2024

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Maine may be called ‘Vacationland’; however, it seems that people are more interested in sticking around now. ‘Staycationland’ doesn’t really have the same ring, though.

01/11/2024

It may seem minor, but it can throw a major wrench in the loan approval process. Talk to your lender before making any financial moves throughout your home buying journey!

If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own.

01/10/2024

Today is National Cut Your Energy Costs Day! Here are 5 simple ways to save your self some $$$ on your electricity bill.

1. Install Motion Sensor Lights
2. Use Smart Power Strips to Power Multiple Devices
3. Keep Your Refrigerator Clean and Maintained
4. Don't Leave Your Cell Phone Plugged in Overnight
5. Perform a Home Energy Audit

(National Energy Improvement Fund)

01/09/2024

Buyer activity is on the rise and that will continue as rates keep coming down. What will that do to home prices? Take a look at the purple graph. If you are waiting for home prices to come down, you might be waiting for a long time.

01/08/2024

Is 2024 the year you decide to make the move?