Turlock Homes & Beyond | BRE# 01112786 | Century21 Select Group
Securing a mortgage for your home is a major financial milestone. You want to ensure you choose the right mortgage and experience a smooth application and approval process. This guide was created to help you avoid common mistakes so you can take a smart approach to getting a mortgage. Mistake #1: Ignoring the Full Financial … Read More “6 Common Mortgage Mistakes to Avoid” »
After hitting a peak of 7.04% in January 2025, mortgage rates have retreated, but the decline has been sluggish, as rates remain trapped in a narrow mid-6% band. The average 30-year fixed mortgage rate dropped 13 basis points to start March and then stalled, finishing out the month two basis points higher from where it … Read More “Mortgage Rates Forecast For 2025: Experts Predict How Much Rates Will Drop” »
Budgeting Beyond the Monthly Payment Understanding the hidden costs of homeownership is crucial for budgeting beyond the monthly mortgage payment. This blog post breaks down the basic costs of homeownership, including the monthly mortgage payment and its components (principal, interest, taxes, and insurance). It also delves into the hidden costs such as property taxes, homeowners … Read More “The Hidden Costs of Homeownership” »
The current mortgage interest rates forecast is for rates to dip slightly in December, but remain elevated compared to where they were pre-pandemic. There’s a possibility that the Federal Reserve will cut rates again in mid-December — and if it does, we’ll likely see rates trend downward as we head into the final weeks of the … Read More “Mortgage Interest Rates Forecast for 2024: Will Rates Drop in December?” »
Some good news could be coming for a housing market that’s been stuck in neutral. The Consumer Price Index, a measure of the cost of food, housing, gas, utilities and other goods, shows prices increasing by 3% year over year. That’s slightly lower than what markets and experts predicted. Core CPI, which excludes volatile food and energy costs, … Read More “Inflation Data Is Promising for Mortgage Rates. What Homebuyers Should Know” »
What is an assumable mortgage loan? An assumable mortgage is one that allows a new borrower to take over an existing loan from the current borrower. Typically, this entails a home buyer taking over the home seller’s mortgage. The new borrower — the person ‘assuming’ the loan — is in exactly the same position as … Read More “How does an assumable mortgage work? Pros and cons” »
