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Mortgage Rates Officially Hit 7.5%

Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024.  While there's been a lot of short-term correlation between oil prices and interest rate
What is a Semi-Custom Home? How it Differs From Custom and Spec Homes

If you’re looking for a new construction home, you may come across terms like semi-custom, custom, and spec home. While all three involve new construction, the amount of choice you have over the home’s design, finishes, layout, and features can vary significantly. A semi-custom home gives buyers som
What is a New Construction Home?

A new construction home is a property that is newly built or still being built and has not previously been occupied as a residence. Buyers may purchase a new construction home before construction begins, while it is under construction, or after it is completed. The term “new home” can be broader. A
Pamela Heman

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