Real Estate News
Rate Bliss or Woes
Mortgage interest rates are part of a daily following in the life of mortgage loan originators and real estate agents/brokers. Rate bliss and rate woes affect the ebb and flow of the market. Perspective is key. I know this ages me, but at the risk of exposing my age, I will tell you the truth! In my career, I once sat in an escrow signing where the buyer was thrilled to be purchasing a home, and the note being signed was at a rate of 12.93%. Does this sound outlandish? I’m sure it does, but it’s where the mortgage interest rates were at that point in time. Did that fact keep the market from moving? No. Does history repeat itself? Yes, to some length, but we may never see the historically low mortgage interest rate range of 2.5%-3.5% in the future of our great country. As a result, should that stop or freeze the market? No. When is the right time for you to buy or sell? When it is right for you! We are here to assist in exploring your options.
Homeowner Association Health Matters
Fannie Mae and Freddie Mac are eliminating the concept of limited condominium reviews. This means that some buyers who had a 10% down payment and wanted to purchase in a particular community with a simple condominium review are no longer able to do this. Each homeowner’s association will now have to pass a much deeper review. The consequence of this is that more communities will fall on a non-warrantable list which then requires a buyer to have a 20%-25% down payment. This in turn may limit the pool of buyers. Sellers, encourage your homeowner’s association board to understand what this looks like and how best to ship shape up and comply with the deep review requirements. Future successful sales in your community are dependent on this. Need to connect with a lender to learn more? Reach out to our team for an introduction.
Knowing Your Options
Mortgage rates have hit an annual high for 2026. It’s important for buyers to understand what loan options are available and what they can afford. Keeping your pre-approval letter current is one of the sharpest tools in the toolbox. Knowing your options puts you as a buyer in the best position to make a move! Still thinking about making a move? Call us today.
Your Home, Your Future, Our Commitment
Contact Information
Contact us in
Washington at:
Mindy
425-350-8893
mindyhibbard@mhreteam.com
mindyhibbard.com
Tom
425-350-8892
tomhibbard@mhreteam.com
tomhibbard.remax.com
Ally
253-653-8019
allybosak@mhreteam.com
ally-bosak.remax.com
Contact us in
Texas at:
Mindy
469-438-0907
mindyhibbard@rmlandmark.com
mindyhibbardtx.com
Tom
469-478-8433
tomhibbard@rmlandmark.com
tom-hibbard.rmlandmark.com
July Housing Market
We are a competent, caring and professional team who take care of you like family. With decades of experience in our respective fields, you’ll find we are knowledgeable experts, ready to guide you through the entire process with nothing left unexplained. Our team strives to make your buying and selling journey a positive one, with your satisfaction our top priority. We provide a full-service real estate experience with consistent communication and absolute transparency. We are standing by to walk you through the process from start to finish, including a comprehensive value proposition, staging, applying our exceptional marketing strategy and finalizing the successful sale of your home. Buyers will benefit not only from our strong home search tools, but also from negotiation expertise and extensive home construction knowledge. We are all committed to making your buying or home selling experience one that exceeds your expectations.
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