interest rate

Home Prices are Rising as Interest Rates Remain Low

October 16th, 2020

Home Prices are Rising as Interest Rates Remain Low. As many of us in the Baltimore real estate market know, COVID created a wild real estate market with many homes receiving multiple offers and selling above asking price as there has not been enough inventory of homes to meet the demand of buyers. Some people [...]

How Does the Interest Rate Affect My Homebuying Power?

March 27th, 2018

How does the interest rate on a mortgage affect my homebuying power? First, you should understand that the higher your mortgage amount, the more the rate could affect your homebuying ability. In an article by smartasset (TM), it notes that a 0.5% rise in interest rates can raise your monthly payment by $28 per $100,000 [...]

Should I Wait for House Prices to Drop?

April 3rd, 2011

A question that many buyers have been asking is whether they should buy a house now, or wait until prices drop. Guest blogger, George Kennedy, of Wells Fargo Home Mortgage, offers some thoughts in his post. Should I wait for prices to drop? The question should not be whether or not house prices will fall, [...]