27 May 2021
By RESCO Realty

How Does A Change In Mortgage Rates Impact A Family’s Housing Budget?

Real Estate Tips, ,
The housing market is extremely competitive right now because mortgage rates are still near record lows. While mortgage rates are rising this year, the rates are still attractive to many individuals and families who are looking to buy a home. At the same time, when mortgage rates change, families need to re-evaluate their budgets. A change in mortgage rates will impact the monthly mortgage payment, so families need to know what they can afford. Furthermore, because the market is so competitive, sale prices are going up as well. As mortgage rates and home prices rise, families need to determine what…
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07 May 2021
By RESCO Realty

Stimulus Checks And Your New Mortgage

Real Estate, ,
Most of the focus on stimulus checks has been on "when" they will arrive, but if you are in the market for a new home (and mortgage) you should know how that payment will impact your financing. Part of the latest Covid 19 relief package includes payments and protections for existing borrowers and renters, but what about those who are looking to buy? According to the IRS, here are a few things to know about how your stimulus impacts your upcoming mortgage.  Stimulus Money Is Not Taxable Any funds you are qualified to receive are not taxable; this is important…
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26 Apr 2021
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 26, 2021

Financial Reports, ,
Last week’s scheduled economic news included readings on sales of new and previously-owned homes and weekly reports on jobless claims and mortgage rates. March Sales of  Previously-owned Homes Dip; New Home Sales Rise Sales of single-family homes fell in March as demand for homes exceeded availability. 6.01 million previously-owned homes were sold in March on a seasonally-adjusted annual basis; analysts expected a pace of 6.11 million sales based on February’s reading of 6.24 million sales of existing homes. The March reading for sales of pre-owned homes was 3.70 percent lower year-over-year and was the lowest sales pace reported since August…
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