Kimberly Keil- Keller Williams Realty

Pretty accurate.

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. If, for example, you’re getting ready to buy a home and know your budget allows for a monthly payment of $1200-1250 (marked in gray on the table below), every time the mortgage rate increases, the loan amount has to decrease to keep your monthly c...ost in range. This means you may have to look for lower-priced homes as mortgage rates go up if you want to be able to maintain your budget. Monthly payments have remained manageable despite soaring home prices because of low mortgage rates. In fact, monthly payments remain below the $1,250 to $1,260 range that we saw in both fall 2018 and spring 2019, but they are on track to hit that level this spring. Today’s mortgage rates are still very low, but experts project they’ll continue to rise modestly this year. As a result, every moment counts for homebuyers who want to secure the lowest mortgage rate they can in order to be able to afford the home of their dreams.

New listing alert! Link in bio

Work with a trusted Realtor

IS IT A GOOD TIME TO SELL MY HOUSE? The fact that there are so few houses available for sale today is one driver that’s encouraging consumers to think more positively about selling. With so few homes available to buy, your house will be more likely to rise to the top of an eager purchaser’s wish list in this competitive market. Today’s high buyer activity is creating upward pressure on home prices and more multiple-offer scenarios. According to the Realtors Confidence Index S...urvey from NAR, the average home for sale is receiving 3.7 offers today, up from 2.3 offers just one year ago. This makes selling even more enticing. In this kind of sellers’ market, you have a huge advantage in the process. And here’s another win you can also use your equity toward a down payment on a new home when you move. Wondering where you’ll go if you try to move while it’s so challenging to find a home to buy? Well, in many areas, there are more homes available at the higher end of the market, so finding a move-up home may be less of an issue if you’re ready to search for your dream home this spring.

West Palmdale Pool Home Coming Soon! (Thanks for sharing) #newlisting #hotmarket #comingsoon #realestate #realtor

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why. ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states: Owning a median-priced thr...ee-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. The answer: Historically low mortgage interest rates. In 2020, mortgage rates reached all-time lows 16 times, and so far, they’re continuing to hover in low territory this year. These low rates are a big factor in driving affordability. The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. If owning a home still appears to be a financially-sound choice, I’m here to help you throughout the process

Don't let a lack of perfect credit hold you back from buying your dream home! I'm here to help! #thehelpfulagent #house #houseexpert #listreports #credit #home #househunting #perfectcredit #themoreyouknow

SOLD! Last closing of the year! Congrats to my friends and clients, wishing you the best on your next adventure in your new home . .... #solong2020 #newchapter #lovemyjob #realtor #stillagreattimetobuy #relocating #sold #homeowners #invest #happynewyear #lookingtobuyorsell?

Home Of The Day West Lancaster 3bd+2bth $377,000 Message me for private showings (Thanks for sharing)... . . #greattimetobuy #homesweethome #realtor #hotmarket #homesweethome #homeowners See more

Ornate light fixtures can become dated as trends change simpler options are easier to update when it comes time to sell. Message me for more tips on the best ways to invest in your home! #thehelpfulagent #home #houseexpert #house #style #themoreyouknow #homedecor #homestyle #decor #realestate #realestateagent

Zoom calls don’t take up a lot of space, but one day you’ll get to have all your friends over again! Let’s find a home that’s perfect for all your friends. #thehelpfulagent #zoom #houseexpert #home #home #househunting #realestate #realestateagent