Holly & Chris Luxury Homes

Mortgage Rates

What Buyers Need To Know About Homeowners Association Fees

When you're in the market for a new home, your focus is likely on mortgage rates, home prices, your down payment, and closing costs. But one thing that might not be top of mind is homeowners association (HOA) fees. While not every home comes with them, it’s important to know they’re a possibility—especially depending on the neighborhood you choose. A homeowners association is a group that manages...

Mortgage Rates Reach Year’s Lowest Level

If you’ve been hesitant to buy a home due to high mortgage rates, now may be a good time to revisit the market. Mortgage rates have been steadily declining in recent weeks, creating an opportunity for potential buyers to re-engage. According to Freddie Mac, mortgage rates have fallen for seven consecutive weeks, now reaching their lowest point so far this year (see graph below). While this shift may...