Historical Interest Rate Data

Historical Interest Rate Data

The below historical mortgage interest rate data is STRICTLY for INFORMATIONAL PURPOSES ONLY. (Rates shown do not show all the data – just the highlights).   If you want up-to-date interest rates, we recommend talking with a professional mortgage lender. 1970s:  Rates...
What is Pre-Qualified VS Pre-Approved?

What is Pre-Qualified VS Pre-Approved?

Prequalified vs. Preapproved: What’s the Difference? The difference between preapproval and prequalification can depend on the creditor and the type of loan or credit card—some creditors may even use the terms interchangeably. In either case, a creditor has done an...
Assessed Value vs Market Value

Assessed Value vs Market Value

Assessed Value vs Market Value: Understanding the Difference It can be very confusing distinguishing what is meant by the terms “assessed value,” and “market value” when either buying or selling a home. The assessed value is often much less than the market value so...
What is my buying power?

What is my buying power?

It’s extremely important to go into the home buying process with a realistic expectation of your budget. You don’t want to fall in love with a house, only to realize that you can’t actually afford it when it comes time to pay the down payment....