Steven Rigo - Home Financing

DownPayment Assistance!
The Freddie Mac BorrowSmart program can provide up to $2,500 in down payment/closing cost assistance based on area median income (AMI) and other eligibility criteria. It may be used to cover 100% of funds needed to close. Click to schedule a call to see if you qualify! https://calendly.com/steve-rigo/30min

Wait What? My lender is going after it again, 1/2 to 1% rate reduction across the board starting immediately! Buy more house or pay less per month. DM me for details 🏠

Buying is always better than renting, it’s still a good time to buy a home. Shopping rates via a wholesale broker like myself is a game changer!

www.flagstar.com

https://www.divorcelendingassociation.com/blog/address-the-decree-the-deed-and-the-debt-during-divorce.cfm
There is a direct link between the Decree, the Deed, and the Debt during the divorce process. How they are dealt with may impact the ability to obtain mortgage financing. Read my article for more insight.

Addressing the Decree, the Deed, and the Debt During Divorce The deed, decree, and debt all intersect during divorce yet all three need to be dealt with separately in the settlement process.

https://www.cnbc.com/2022/06/13/fed-reportedly-may-hike-rates-by-three-quarters-of-a-point-this-week.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToFacebook&fbclid=IwAR0378EVDItyCdigwdSboC8aCEzmPbMGQ_3E4Mh0k7NI0HQcX00H__tMlxM

Rates are rising folks. Did you know you can Lock N Shop. If you are looking to buy a home in the next month or few, I can lock you in today for up to 6 months! DM me for details, GA, AL, NC More fed meetings coming...

Fed likely to boost interest rates by three-quarters of a point this week Markets are beginning to anticipate an even faster pace of rate hikes, and Fed officials apparently will satisfy growing expectations.

I always thought it was red doors that helped sell a house, but apparently not... Zillow, which has never set foot in a house, determine that homes that have a front door that is either black or gray, can increase the home’s value by at least $6,271. huh,

Quiz: Which Paint Colors Help Your House Sell for More? - Zillow Research What color front door can boost the typical U.S. home sale price by 2.9 percent? Which living room color is likely to make the price of a typical home pop the most?

PURCHASE MARKET SHIFTING TO FAVOR BUYERS

Demand for homes is starting to taper off, and with more sellers coming to the market in recent weeks, this shift could be a positive sign for the buyers who remain, according to a new report from Redfin.

More sellers came to the market during the four weeks ending May 15, the report showed, and new listings climbed nearly twice as fast as they did at this time last year. The share of listings with a price drop rose to its highest level in two and a half years.

But homebuyers are hitting the brakes—mortgage purchase applications fell to their lowest level since May 2020, and the number of homebuyers touring and offering on homes posted its largest annual decline since April 2020, according to the Redfin Homebuyer Demand Index.

Fewer people searched for “homes for sale” on Google, with searches during the week ending May 14 down 11% from a year earlier.

“Desirable” homes are still getting snapped up at a record pace, spending about 15 days on the market, the report showed.

Will mortgage rates really keep rising?

Rapid interest rate growth will likely follow the Federal Reserve’s next Open Market Committee meeting on May 3 and 4.

As inflation stands at 40-year highs, the central bank will pull the levers at its disposal to combat it and keep interest rates reflective of the swelling economy.

We’ve already seen mortgage rates expand at a historic pace so far in 2022 and that could be an ongoing theme for the year.

For any borrowers on the fence about locking in a rate — whether to buy a house or refinance — the time to make a move is now. Lock N Shop allows you to lock in your rate while you shop,
Exclusive offer, contact me for details!