Category: Refinancing

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain...

Don’t Get Caught Off Guard by Closing Costs

As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing costs. Here’s some information to help you get started so...

Two Reasons Why Waiting To Buy a Home Will Cost You

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now...

Open House with Team Reba

Episode #173 – How Real Estate has Adapted During COVID-19

On this week’s episode of “Open House with Team Reba”, we discuss how the real estate and mortgage industries have adapted during the current crisis. We went from being shut down completely for a week to being considered “limited essential”, so if you’re still looking to buy or sell and...

Reba and Eric

Episode #172 – COVID-19 Update: Real Estate and Mortgage Markets

On this week’s episode of “Open House with Team Reba”, Reba and Eric discuss the current COVID-19 pandemic and how it is affecting the real estate and mortgage markets. They look at the current numbers and charts to bring you real information on what you can expect. We know that...

Reba Haas and Eric Aasness

Episode #160 – PMI Tax Deductions, Local Market Snapshots, Refinancing, and DADUs

On this past weekend’s episode of “Open House with Team Reba”, Reba and Eric covered a number of really great topics, including PMI tax deductions, local market snapshots, refinancing, and detached additional dwelling units (DADUs). First up, PMI Tax Credits: Congress actually did a good thing, can you believe it!?...

Reba Haas and Eric Aasness

Episode #158 – Pre-Approvals, BRRR Seminars, and Turning a 30-Year Mortgage Into 18

On this episode of “Open House with Team Reba”, we welcome Reba back from her trip to Bali. She’s all refreshed and amped up for our upcoming first-time homebuyer class on Feb 29th, leap day, from 9:30am-1:30pm. If you or someone you know wants to leap into homeownership, this class...

Reba Haas and Eric Aasness

Episode #157 – Your Real Estate and Mortgage Market Update

On this episode of “Open House with Team Reba”, Reba and Eric give you an update on the local real estate and mortgage markets. Eric starts out by describing what he’s calling “The Corona Rally”, which is how the Corona Virus (and other viruses and events) affect the mortgage market...