Nina Brown

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home. While only a slight increase in mortgage rates is projected ...for 2021, some experts believe they will start to rise. Over the past week, for example, the average mortgage rate ticked up slightly, reaching 2.79%. This is still incredibly low compared to the trends we’ve seen over time. According to Freddie Mac, Borrowers are smart to take advantage of these low rates now and will certainly benefit as a result. Here’s why. As mortgage rates rise, the increase impacts the overall cost of purchasing a home. The higher the rate, the higher your monthly mortgage payment, especially as home prices rise too. What does this mean for buyers? Right now, inventory of houses for sale is also at a historic low, making it more challenging than normal to find a home to buy in many areas. As more buyers hit the market in the typical busy spring buying season, it may become even harder to find a home in the coming months. With this in mind, Len Keifer, Deputy Chief Economist for Freddie Mac, recommends taking advantage of both low mortgage rates and the opportunity to buy. If you’ve found a home that fits your needs at a price you can afford, it might be better to act now rather than wait for future rate declines that may never come and a future that likely holds very tight inventory. While today’s low mortgage rates provide great opportunities for homebuyers, we may not see them stick around forever. If you’re ready to buy a home, reach out to me so you can take advantage of what today’s market has to offer. 510-779-8400 [email protected] www.YourRealtorNB.com DRE # 02077024 #HowToBuyAHouse #HowToBuyAHome #BayAreaHomeBuyer #BayArea #HowDoIBuyAHouse #bayareahomes #HowToBecomeAHomeowner #CreateWealth #GenerationalWealth #FirstTimeHomeBuyer #HowToBuyAHouseInTheBayArea #BayAreaHomeSales #LowDown #NoDown #homeownershiphowto #YourRealtor #NinaBrown #RealEstateAdvisor #RealEstateWithNinaBrown #MakingYourNextMoveYourBestMove

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-pric...ed three-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. That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation. How is this possible? The answer: Historically low mortgage interest rates. Todd Teta, Chief Product Officer with ATTOM Data Solutions, explains, Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check. In 2020, mortgage rates reached all-time lows 16 times, and so far, they’re continuing to hover in low territory this year. If you’re considering buying a home this year, reach out to me today to learn more about the options that match your budget while affordability is in your favor. A home is likely much closer than you think. Real Estate w/Nina Brown, Making Your Next Move, Your Best Move! 510-779-8400 [email protected] www.YourRealtorNB.com DRE # 02077024 #HowToBuyAHouse #HowToBuyAHome #BayAreaHomeBuyer #BayArea #HowDoIBuyAHouse #bayareahomes #HowToBecomeAHomeowner #CreateWealth #GenerationalWealth #FirstTimeHomeBuyer #HowToBuyAHouseInTheBayArea #BayAreaHomeSales #LowDown #NoDown #homeownershiphowto #YourRealtor #NinaBrown #RealEstateAdvisor #RealEstateWithNinaBrown #MakingYourNextMoveYourBestMove

SOLD . Rewind to a few years ago... My clients had been working with another agent to buy a home but were unsuccessful. .... Fast forward to the present day... WE DID IT!!! Congrats, to my clients; proud new homeowners to this lovely home on an extra large lot. . What made this home extra special to me, is that these clients LOVED this particular street so much. In fact they had looked at three other homes on it (including the one next door) a few years back. So to be able to help get them into this home really was like a dream come true. . Who you work with matters!!! When you work with me, you can rest assured that I will advocate for you from start-to-finish and will work tirelessly your behalf to help you accomplish your real estate goals. . Real Estate w/Nina Brown Making Your Next Move, Your Best Move! . 1.510.779.8400 [email protected] www.YourRealtorNB.com . #HowToBuyAHouse #homebuyer #HomeOwner #AmericanDream #homeownershiphowto #downsize #upgrade #nomortgage #MortgageFree #BayAreaHomeOwner #CreatingWealth #YourRealtor #SellMyHome #Homebuyer #homeownershiphowto #downsize #upgrade #nomortgage #MortgageFree #homeowner #CreatingWealth #BayAreaHomeOwner #YourRealtor #RealEstateAdvisor #realestatewithNinaBrown #MakingYourNextMoveYourBestMove See more