Blog - Adrian Hernandez

Market Update

U.S. Mortgage Averages As of 4/10/2025

Mortgage rates have continued their downwards trend with rates lowering by -0.02 from last week’s rate of 6.64. As rates in the past were volatile, the past twelve weeks have shown small weekly drops. Though it may feel insufficient, what stands high is the consistency of lowering and not rising. Discover how your local market […]
Real Estate Terms

Rate Lock

Rate lock ? After, the buyer has chosen a property and their offer has been accepted, the lender receives the contract. At this point, a request can be made for the mortgage advisor to lock in the interest rate. This allows the lender to secure the current rate, meaning that if rates go up the […]
Real Estate Terms

Pre-Approval

Pre-Approval? A mortgage advisor provides the borrower with a letter stating the exact amount they are approved to borrow. This letter is based on the in depth financial information the borrower has provided.
Market Update

U.S. Mortgage Averages As of 4/03/2025

This week, mortgage rates have remained relatively stable, with a slight decrease of 0.01% from 6.65% to 6.64%. However, the year over year change is -0.18%.

Market Update U.S. Mortgage Averages As of 4/10/2025 Mortgage rates have continued their downwards trend with rates lowering by -0.02 from last week’s rate of 6.64. As rates in the past were volatile, the past twelve weeks have shown small weekly drops. Though it may feel insufficient, what stands high is the consistency of lowering and not rising. Discover how your local market […]

Real Estate Terms Rate Lock Rate lock ? After, the buyer has chosen a property and their offer has been accepted, the lender receives the contract. At this point, a request can be made for the mortgage advisor to lock in the interest rate. This allows the lender to secure the current rate, meaning that if rates go up the […]

Real Estate Terms Pre-Approval Pre-Approval? A mortgage advisor provides the borrower with a letter stating the exact amount they are approved to borrow. This letter is based on the in depth financial information the borrower has provided.

Market Update U.S. Mortgage Averages As of 4/03/2025 This week, mortgage rates have remained relatively stable, with a slight decrease of 0.01% from 6.65% to 6.64%. However, the year over year change is -0.18%.

Market Update Market statics February 2025 San Antonio housing market statics for month of February 2025

Market Update U.S. Mortgage Averages As of 3/27/2025 Mortgage rates have continued the trend of lower interest rates. This continued stability is very important to future homeowners. The notable changes are -0.02 week over change, with a one year change of -0.14. The market is picking up. Freddie Mac has noticed again that there has been an upward trend in applications. Consult with […]

Real Estate Terms Pre-Qualification What is a pre-qualification? This is when a mortgage advisor provides a possible loan amount that the borrower could possibly be approved for. Based on surface level financial information

Real Estate Terms Escrow An escrow account is held and managed by the title company, a third party in a real estate transaction. This account securely holds funds related to the transaction, keeping them separate from the parties involved until the terms of the contract are met. However, this escrow account differs from the one held by the lender, […]

Market Update U.S. Mortgage Averages As of 3/13/2025 Mortgage rates have remained stable at their lowest levels in the past few months. With a week over week change of 0.02%, from 6.63% to 6.65%. Freddie Mac has reported a 5% increase in purchase applications compared to last year. Recent stability has encouraged movement in the market.

Real Estate Terms Amendment Once all parties have signed the contract, it becomes an executed binding legal document. All agreed upon terms are now set. If a party needs to modify the terms, both the buyer and seller must sign an amendment that mutually authorizes the specific change. Think of the contract as the Constitution that can only be […]

Market Update U.S. Mortgage Averages As of 3/06/2025 This week, mortgage rates have reached their lowest level since mid-September. Rates have showcased a week over change of -0.13 and a year-over-year change of -0.25.

Real Estate Terms Closing Cost It’s time for the weekly term. Our term of the week is Closing Costs. This is the amount paid separately from the down payment to facilitate the closing of your home. Home buyers’ closing costs typically range from 2% to 5% of the home’s purchase price. Understanding these costs upfront allows you to budget effectively […]

Real Estate Terms Foreclosure Our term is “Foreclosure”. Foreclosure is the legal process that a mortgage provider or lien holder may take to obtain ownership of a delinquent residence. This is why it is crucial in your initial home search to not only check all the wants in the home, but even more importantly to assess the practicality of […]

Market Update U.S. Mortgage Averages As of 2/13/2025 Mortgage rates have been trending downward for the fourth consecutive week, with a week change of -0.02%. Year-over-year, the change is 0.1%, and the 52-week average is 6.76%. Homeowners should always keep in mind their unique circumstances to achieve their goals, while consulting with your trusted advisor. AdrianHernandezHelps-JBGoodwin REALTORS® 📞(210)884-7299 📧adrian-hernandez@jbgoodwin.com Have an awesome day!

Market Update U.S. Mortgage Averages As of 1/30/2025 Mortgage rates have remained stable, with only a minute change in the interest rate, continuing the trend of staying between 6 and 7 percent. The weekly change is 0.01%, going from 6.96% to 6.95%. Though this change may seem small, it could possibly signal new stability in the market. AdrianHernandezHelps-JBGoodwin REALTORS® 📞(210)884-7299 📧adrian-hernandez@jbgoodwin.com Have an […]

Real Estate Terms Equity Our term is “Equity”. It is the portion of the home’s value that the homeowner truly owns. This is a very simple process, determined by subtracting the outstanding loans, such as mortgages and other debts owed on the home, from the property’s current market value. AdrianHernandezHelps-JBGoodwin REALTORS® 📞(210)884-7299 📧adrian-hernandez@jbgoodwin.com Have an awesome day!

Market Update U.S. Mortgage Averages As of 1/23/2025 Freddie Mac holistic Survey has showcased a decline in mortgage rates following a six-week rise. The one week change is -0.08%, and the one year shows a change of 0.27%. Four week average is 6.96%, while the 52-week average is 6.75%. Homeowners should consider this information to their unique needs. I am here to provide […]

Real Estate Terms Appraisal I have decided to start a brand new series, with education as the pillar. I will now be showcasing weekly real estate terms that will tailor one’s mind to the world of real estate. Our first term of the week is “Appraisal”. This step is crucial for homebuyers utilizing loan products, such as mortgages, because […]

Market Update Market statics December 2024 San Antonio housing market statics for month of December 2024

Market Update U.S. Mortgage Averages As of 1/9/2025 Rates continue to remain volatile, treading near seven percent. Buyers should know that there are many tools available at their disposal to purchase a home. Homeowners should never be discouraged as they take into account their unique necessity and situation. This is a holistic survey, and everyone is different. New home sales are another impressive […]