The federal government moratorium was set to expire at the end of July and President Biden did not extend it over fear of his legal ability to do so. Instead, President Biden asked Congress to extend it. The situation seemed bleak as Congress was unable to come to an agreement and instead left on their planned recess. Thankfully, the CDC stepped in and extended the eviction moratorium themselves.

Why is it that the most expensive homes and the least expensive homes have seen their prices increase so much compared to other homes? What do these trends mean for home buyers and the real estate market overall? The team at Peopels Choice Mortgage is here to break it down.

The number of COVID cases are rising in every state in the nation, and in some places, in dramatic fashion. The first major surge that occurred in 2020 caused a series of dominoes to fall that impacted all aspects of our lives, including the real estate market. What lessons can we learn from the last year of the pandemic and what will this latest surge mean for home buyers and homeowners?

Unfortunately, some of the protections put in place by the federal government are expiring at the end of July. At the same time, COVID case numbers are rising all over our nation, which is creating fears of new lockdowns or restrictions. Fortunately, the White House just announced additional measures of relief for homeowners impacted by COVID.

By making sure we get the most bang for our buck for our housing expenses we can truly impact our ability to generate wealth. If you really scrutinize whether or not it is best to rent or buy a house, it’s clear that renting doesn’t make sense.

While Florida has always been a popular destination, its popularity has only grown for home buyers since the beginning of the pandemic. Why is the pandemic causing home sales to surge in Florida and will this trend continue as the pandemic lingers?

Some homeowners are looking to take advantage of today’s mortgage rates and do even more than merely save some cash. They have been looking for ways of tapping into their home’s equity and getting some extra cash to improve their lives. Homeowners have been doing this with cash-out refinancing.

The real estate market has been scorching hot for the entire nation; however, the housing market in our backyard has been even hotter. Homes are selling quicker than ever before and home buyers are clammorting to buy the house of their dreams. Recent data regarding the Boston housing market seems to indicate that these trends will continue for the time being.

The winds of change are blowing and home buyers soon will not find themselves caught between a rock and a hard place. Things are starting to look up for home buyers, which means that now is the perfect time to prepare to buy a house.

Ginnie Mae just announced that they are going to offer 40-year mortgages. What do these programs look like and who are they for?

If you are paying attention to the number of mortgage applications being processed, you might wonder if it is a warning sign for the market. However, other data indicates that declining mortgage applications is nothing to worry about.

Many prognosticators believe that the pandemic has created the conditions for another crash. Thankfully, history does not always repeat itself. We learned enough from 2008 to make sure the real estate market is not collapsing.

When you think about it, there are a lot of interested parties involved in a real estate transaction and even more paperwork. Anytime you have a system that is this complex it is best if you have an order of operation for how it should optimally work. When it comes to buying a home, there is and getting pre-approved for a mortgage is the first step.

In today’s real estate market, it pays to understand the concept of a reserved bid because it will help you make the perfect offer when buying a home. The asking price for a home on the market is similar to a reserved bid. An asking price is a starting point and that changes how you can make the perfect offer.

Since demand has been sky high while supply has remained low, home buyers have been facing record high prices. While just as many home buyers want to buy a home, many are being priced out of the market, which is decreasing sales. Thankfully, the forces behind supply and demand seem to be turning and home buyers might start having more opportunity to land the houses of their dreams.

Understanding the relationship between mortgage rates and inflation will give you a better picture of the economy and help you be prepared as homeowners and home buyers.

A new program from Fannie Mae is giving low-income homeowners a chance to refinance their home loans. If you have tried to refinance your mortgage, but did not meet their requirements, your opportunity might have just arrived.

Today’s forbearance numbers do not paint a complete picture. To understand the reality of the most recent mortgage forbearance numbers, the team at Peoples Choice Mortgage is here to take you behind the data.

Your mortgage broker is more than someone who helps you secure a home loan. They help you secure the key you need to unlock your dreams. If your mortgage broker is more than securing lending, then what should your relationship goals be with them?

On this Memorial Day, our family at Peoples Choice Mortgage would like to honor all of those who have given their lives to protect the values we cherish the most.