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Monthly Archives: February 2023

    Getting Comfortable with the New Normal Mortgage Rates

    By Tim Beary | February 28, 2023

    The biggest shock to homebuyers is the soaring mortgage rates of 2022 that doubled in one year resulting in approximately 15 million mortgage ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was at 6.5%.  While that is twice as high as it was on... Read More

    Spring Maintenance Tips

    By Tim Beary | February 24, 2023

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    When do you lock your mortgage rate?

    By Tim Beary | February 21, 2023

    Locking your interest rate protects you from increases due to market conditions.  Locking early safeguards your budgeted payment.  By locking the rate, if the market goes up, you get the lower rate; if it goes down after the lock, you may be able to pay a fee and lower the rate. Knowing when to take the lock... Read More

    Reach your Home Buying Goals This 2023

    By Tim Beary | February 17, 2023

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    Get the Buyer Incentives to Act Now

    By Tim Beary | February 17, 2023

    Sellers, who last year, were not willing to make any concessions, are much more likely to do so this year due to the softening of the market because of inflation and higher mortgage rates affecting affordability for buyers. Concessions can take place in different forms.  A seller could offer to pay the buyer’s closing costs or... Read More

    Homestead Exemptions

    By Tim Beary | February 11, 2023

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    Compare Before Deciding on the Standard Deduction

    By Tim Beary | February 8, 2023

    The TCJA of 2019 dramatically increased the standard deduction so that many homeowners benefit from taking that rather than itemizing their deductions.  Taking the standard deduction may result in a larger deduction even if you have no expenses that qualify for claiming itemized deductions. Another thing reinforcing taking the standard deduction was low rates at the... Read More