Categories for First Time Home Buyers

Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that ...

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2 Advantages of Buying a Newly Built Home Today

  Since there are more new homes on the market, builders are motivated to sell and that’s leading to two great perks: price cuts and lower rates. Let’s connect if you want to see what builders are offering in our area. #BaileyandAssociates #ServingOurClients #teambaileysells #marketupdate #realestate #michiganrealestate #NewlyBuiltHomes #NewHomeConstruction #KeepingCurrentMatters ...

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What Credit Score Do You Really Need To Buy a Home?

According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed. Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that could make you think buying a home ...

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Today’s Tale of Two Housing Markets

Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets. What’s ...

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