APM BLOG

Move-Up Buyers Moonlight as Landlords

In addition to low inventory, the housing market has encountered a newer challenge: rising mortgage rates, which hit 7% recently. This has caused problems for would-be and move-up homebuyers alike.

Thanksgiving was one of America’s most cherished festivities even before George Washington began celebrating it in 1789. However, it wasn’t always held on the fourth Thursday in November. That happened in 1846, when Sara Josepha Hale campaigned to make Thanksgiving a national holiday that would be held on the last Thursday of November. 

The housing market isn’t what it was a year ago—and that’s not necessarily a bad thing. Yes, interest rates are higher year over year, but in many markets, prices are decreasing or, at the very least, not increasing at the breakneck pace we’ve seen.

It's Military Family Appreciation Month, and we wanted to take this opportunity to highlight our very own #APMFamily who have served our great country and now work to help other military families and veterans realize their dreams of homeownership.

What's Going On With the Economy?

Elliot Eisenberg is back with information on where we are, what's coming and why rates are on the move.

A down payment and monthly mortgage payment aren’t the only costs you’re looking at when buying a new home. Some buyers forget that they will also have to pay closing costs.

Housing budgets are serious discussions because homes are serious investments. Home buyers expect to pay a down payment when buying a home. That amount can range based on qualification and the amount of assets available. Down payments start as low as 3% and can go as high as needed to get the payment at that comfort level.  

Economy Update September 2022, Elliot Eisenberg

APM Consulting Economist Elliot Einsenberg is here with this month's economic update, and the hot topic is inflation and what the Fed is doing to curb it. The rising costs of food and cars, coupled with continued supply chain shortages, have pushed the Fed to making moves to stop inflation as quickly as possible.

So, what's next for consumers?

Each member of our APM Family comes from a unique background and has a story that’s waiting to be told. From their upbringing to family values, cultural celebrations, and work in the mortgage industry, we’re sharing some of their stories with you in celebration of Hispanic Heritage Month. 

There’s always a lot of back and forth when you buy a home. It’s called the negotiation process, and it’s one of the reasons you need a great realtor. Potential buyers want to secure the best sale price possible, while a seller wants to achieve their list price—if not more. Some sellers also want to sell as quickly as possible. 

Two things can be really exciting and terrifying—buying a home and changing jobs.

Combine the two, and you’ve got yourself a recipe for stress…or do you? Many people assume that they can’t or shouldn’t buy a home if they’re in the middle of a career change.

Buying a house isn’t just about the sticker cost or the monthly payment. A large part of your housing budget will also be your down payment. If you’ve seen lender ads before, you know that this number can be all over the board. 

August Economic Update with Elliot Eisenberg

The yield curve is currently inverted, which tells economists a lot about the economy and where it's headed. Elliot breaks down what it means, why it matters, and his thoughts on what it means for the near future.

It’s tough out there, we know. Today’s competitive housing market can keep you trapped in a vicious cycle: Find a terrific house, make an aggressive offer, get your hopes up, get outbid, start over. Rinse and repeat. Some of the biggest competitors for homes on the market today pay cash, which can make it tough when YOU don’t have cash to buy the home outright yourself.

A temporary buydown is when a party in a mortgage transaction pays a lump sum in order to reduce the interest rate temporarily for early years of the loan. This can help a buyer ease into the full mortgage payment at the beginning of the loan term.

Just when you think you’ve got it all figured out, the housing market changes. Well, here’s the truth: No one has it all figured out. Being mortgage professionals, however, we do understand the ins and outs of the market and how today’s climate affects your homebuying ability and the mortgage process.

It’s the dog days of summer—and we’d better take advantage of them while they’re here! Soon enough, it’ll be back to the grind. Let’s forget about that now, though. You’ve got sunshine to enjoy and water to splash in!

The homebuying process…where do you even start? Buying a house may be a lifetime dream of yours, but for many buyers it can feel overwhelming at first. While it may seem like a lot, our APM Loan Advisors have your back. Our 100% focus is on getting hardworking people like you into the homes they deserve.