interest rate Archives

We Help Our Heroes Find Their Dream Home

By Prestige Waterfront Realty Posted in Economy, Mortgage On Nov 11, 2020

Happy Veteran’s Day! Today we salute and honor all who have served our country. We thank them for their service and commitment to our nation. If you are a veteran we want to remind you that you can take advantage of the VA loans being offered to help you finance your dream home. VA loans […]

Guidance is Most Important When You Are A First-Time Homebuyer

By Prestige Waterfront Realty Posted in Economy, Market Trends On Jul 29, 2020

First time homebuyers made up 35% of the homebuyers in the month of June. This trend is building and steadily increasing through the year. The National Association of Realtors says: “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending […]

Homebuyers are Purchasing Today

By Prestige Waterfront Realty Posted in Market Trends On Jun 22, 2020

Mortgage rates are at a historic low and are projected to remain low through the next year. This is a big incentive for homebuyers. Low interest rates means lower monthly payment or higher buying power. Homeowners who are looking to sell also have an opportunity to take advantage of those eager homebuyers. According to FreddieMac: […]

Is a Recession Here? Yes. Housing Crash? No.

By Prestige Waterfront Realty Posted in Economy On Jun 10, 2020

The National Bureau of Economic Research (NBER) announced on Monday that the United States economy is in a recession. A recession is defined as: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of […]

Tag: interest rate