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Deep Freeze And Your Foundation

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How can cold, wintry weather damage a home? Brutal cold is damaging in several ways, depending on your home’s foundation type. If you live above a crawl space, your home’s pipes are typically located beneath the floors. Freezing temperatures can cause pipes to burst, resulting in extensive damage. Frozen pipes are more than just frustrating. […]

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2023 Interest Rates

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Where will rates go in 2023? Rates have gone up in relation to the Federal Reserve’s federal funds rate, which has risen from near zero at the beginning of 2022 to around 4.25% by the end of the year. The Fed is expected to keep increasing their rate in order to get inflation under control, […]

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Canada Enacts Housing Ban

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As of Jan. 1, 2023 Canada enacted a two-year ban on the purchase of residential property by most non-residents. The Prohibition on the Purchase of Residential Property by Non-Canadians Act was quietly introduced last spring after Prime Minister Justin Trudeau’s Liberal Party of Canada blamed Canada’s housing crisis on outside investors, the Times reported. “The desirability of […]

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Interest Rates Fall

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30-YEAR FIXED-RATE MORTGAGES At 6.61%, the average 30-year fixed-rate mortgage right now is a far cry from the previous week’s rate of 7.08%. At this time last year, the 30-year rate was averaging 3.10%. Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked. Call me today to find those […]

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