Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes June 3, 2021

In The Current Housing Market, Prospective Buyers Must Remain Patient

The housing market has been through many ups and downs during the past 12 months. Now, buyers are facing a unique challenge as they try to find the right house in the perfect seller’s market. Right now, real estate is extremely competitive, as low inventory has continued for several months.

Team Mortgage Mikes June 2, 2021

Case Shiller: Home Prices Rise at Fastest Pace Since 2005

March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February’s reading of 12.00 percent growth. The Case-Shiller 20-City Home Price Index reported average year-over-year home price gains of 13.30 percent in March. Phoenix, Arizona continued to lead the 20-City Index with a year-over-year home price growth of 20 percent. San Diego, California followed with home price growth of 19.10 percent; Seattle, Washington reported year-over-year home price growth of 18.30 percent.

Team Mortgage Mikes June 1, 2021

What’s Ahead For Mortgage Rates This Week – June 1, 2021

Last week’s economic reports included readings on home price growth, new and pending home sales, and inflation. Weekly readings on mortgage rates and jobless claims were also released.

Team Mortgage Mikes May 28, 2021

Buying a Home Where Someone Passed Away

A key factor that often drives the sale of new homes versus existing ones tends to be cultural. Rather than being financially-driven or associated with location factors, many homebuyers will steer clear of existing homes where someone has passed away. The primary fear tends to be concerns about a leftover spiritual residual in the home that could affect the new homeowners. Despite the abundance of TV shows about ghost-chasers and similar, the stigma of a dead person’s home has been around for centuries and is still alive and well today.

Team Mortgage Mikes May 27, 2021

Is Now The Time To Refinance Your Mortgage?

There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity.

Team Mortgage Mikes May 26, 2021

Family Matters: How to Choose the Perfect Home for a Large or Growing Family

Selecting the right home to purchase for a family is a monumental task, and this process can seem even more challenging for those with a large or growing family.