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Teresa's Blog

Monday, November 29, 2021   /   by Teresa McCormick

How Smart Buyers Are Approaching Rising Mortgage Rates

How Smart Buyers Are Approaching Rising Mortgage Rates


Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022:


“The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.”

If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise.

Taking Time Off Can Be Costly

Mortgage rates play a significant role in your home search. As rates go up, your monthly mortgage payment increases if you’re buying a home, directly affecting how much you can afford. And even the smallest increase can have a large impact on your monthly payment (see chart below):With mortgage rates on the rise, you’ve likely seen your purchasing ...

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Monday, November 29, 2021   /   by Teresa McCormick

Reasons To Hire a Real Estate Professional

Reasons To Hire a Real Estate Professional [INFOGRAPHIC]


Some Highlights


Whether you’re buying or selling, there are many perks that come from working with a real estate advisor.



Real estate professionals are experts at navigating all aspects of the buying and selling process, including negotiating on your behalf. We can also explain today’s market and break down what it means for you.



Don’t go at it alone. Let’s connect today so you have advice and an expert to count on each step of the way.

If you want in depth market reports about YOUR home, click the link below
https://get.homebot.ai/?id=23806710-4c1b-476f-bbf6-d2cc6e706bbb ...

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Monday, November 29, 2021   /   by Teresa McCormick

Why Now Is a Great Time To Sell Your House

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.

In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too.

According to George Ratiu, Manager of Economic Research at realtor.com:


"The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter."

If you’re thinking of waiting until the spring to sell yo ...

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Teresa McCormick Group · Urban Nest Realty
Teresa McCormick
10220 W. Charleston Ste. 3
Las Vegas, NV 89135
702-321-9296

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