Interest Rates Archives - Tami Savage, Realtor

How an Expert Can Help You Understand Inflation & Mortgage Rates

September 27, 2022 By Tami Savage

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, … [Read more...]

Top Reasons Homeowners Are Selling Their Houses Right Now

September 21, 2022 By Tami Savage

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of … [Read more...]

Expert Forecasts on Mortgage Rates

September 7, 2022 By Tami Savage

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide … [Read more...]

3 Tips for Buying a Home Today

August 22, 2022 By Tami Savage

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind … [Read more...]

What Would a Recession Mean for the Housing Market?

August 16, 2022 By Tami Savage

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, … [Read more...]

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

August 5, 2022 By Tami Savage

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022.Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with … [Read more...]