Why First-Time Buyers Chose Their Homes » Mortgage Masters Group

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The average interest rate for a 30-year fixed rate mortgage was 3.69% for. The average sales price of homes increased 3% to $491,000, while prices of first-time homes decreased 6% to $340,000,

Why Your Home Buyers Really Need to HurrynnDAILY REAL ESTATE NEWS | MONDAY, MARCH 14, 2016nnHome buyers are expected to outnumber home sellers this spring, which likely will drive up asking prices, Lawrence Yun, the chief economist for the National Association of REALTORS, told The Wall Street Journal.

Best time to buy, according to Mortgage Masters! While spring is renowned as the time that sellers dust off their properties and place them on the market, this doesn’t mean it is necessarily the best time for buyers to begin the house-hunt.

Buying a home is one of the biggest financial decisions you’ll make in your life – and one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve done a ton of research, getting a mortgage can feel confusing or even a bit overwhelming.

The success of the summer home-buying seasons depends on three factors: home prices, housing supply, and mortgage rates. However, there’s also a fourth factor in play this year-the rise of the first-time home-buyer. Statistics suggest that this year, the largest group of home-buyers will be those shopping for properties for the first time.

Whether the home was move-in ready also was a powerful influencer, respondents say. "We know home renovations can get pricey, and one thing that appeals to potential first-time home buyers is finding a home where the kitchen and bathrooms are fresh and up to date," according to Porch.com’s study.

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Why Now is The Perfect Time for First-Home Buyers to Invest The time has come, and wasn’t it a journey? When you gear up to buying your first home , timing is critical to the price you can expect to pay, and the process that follows after you make an offer.

Mortgage Master’s Group serves the needs of Arizona homeowners and home buyers, ensuring a smooth process for all real estate transactions. Led by a veteran of the Arizona mortgage industry, Jason Smith, and backed by Nova Home Loans, MMG AZ Home Loans is here for all of your residential and investment mortgage and loan needs.

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