March 2017 – Page 3 – Treece Team

Mortgage Rates Impact on 2017 Home Values

By Pam Treece|2017-03-02T11:00:29-07:00March 2nd, 2017|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are [...]

Over Half of All Buyers Are Surprised by Closing Costs

According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher [...]