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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 •
February 16, 2025
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 and be well prepared.
Let’s Rodeo San Antonio
AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!
Real Estate Terms •
February 16, 2025
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 the home from the get go. Ask yourself, “is this something I want to afford?” Your home is a sanctuary and should never be a burden.
Homeowners should consider the saying “house rich, cash poor.” It is crucial to evaluate the concept with the guidance of your mortgage loan advisor. Now, life happens to all of us. There is no magic ball, just faith in my opinion. It is my mission to provide you with several resources that will help you make decisions for your unique situation. I always recommend consulting with your trusted legal or financial professional for specific scenario advice.
AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!
Market Update •
February 16, 2025
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 •
February 1, 2025
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 awesome day!
Real Estate Terms •
February 1, 2025
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 •
January 27, 2025
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 you with the necessary tools and insights to help you make decisions best suited to your situation. As always have an awesome day.
AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!
Real Estate Terms •
January 22, 2025
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 it helps protect both the lender and the buyer from overpaying. Stay tuned as this series is just kicking off.
AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!
Market Update •
January 22, 2025
Market statics December 2024
San Antonio housing market statics for month of December 2024
Market Update •
January 14, 2025
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 avenue that many homeowners and first time homebuyers are actively taking advantage of. Never count yourself out until the ref calls a knockout.
AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!
