Luis Ocampo's Blog Posts

What Credit Score is Needed to Buy a House?

If you’re wondering what credit score is needed to buy a house, it’s important to remember that the minimum score varies from lender to lender.If you have a good credit

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Younger Buyers Want Baby Boomers to Update Their Homes

Young move-up home buyers are growing increasingly worried that baby boomers, many of whom are staying put in their current home, won’t update their properties and will pass down costly

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Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — A homebuyer on a $3,000 monthly budget has gained nearly $40,000 in purchasing power since mortgage rates peaked this past fall, according to a new

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Weekly Mortgage Rate Snapshot as of 1.29.2024

   Hope you're enjoying our sunny little warm up this week...feels like spring! Here are some insights about the latest interest rate news including National and local averages.

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Mortgage rates will fall below 6% in 2024 and the U.S. economy will avoid a recession, Fannie Mae says

Falling mortgage rates will thaw the existing-home sales market, Fannie Mae says. GETTY IMAGES/ISTOCKPHOTOEmail iconFacebook iconTwitter iconLinkedin iconFlipboard iconPrint iconResize 

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Are Your Homebuying Tactics Out of Date? The New Rules for Buying a Home in 2024

For most of 2023, homebuyers faced a daunting real estate market marked by dizzyingly high mortgage rates. Combined with steep home prices and a severe shortage of homes for sale, it’s no

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On the House: Congratulations, You Bought a Home—Here’s What You Need To Do Now

Q: What should first-time homeowners know as they settle into their homes?Congratulations, you bought a home! You overcame a myriad of homebuying obstacles to achieve the American dream. You also

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Todays Mortgage News January 22nd, 2024

30-Year Mortgage Rates Rise slightly, While 15-Year Rates Climb to a 5-Week HighRates on 30-year mortgages were essentially flat Friday, averaging 7.17%. That continues a three-week pattern of

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The New Battle in Divorce: Who Gets Custody of the Low Mortgage Rate?

When Ann Shea, 44, was finalizing a divorce last year, she knew she wanted to keep the suburban Chicago home where she was raising her school-age kids. But it was equally important for her to hold

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Home Inspections: What DFW Homebuyers Should Know

Many people believe home inspections are a waste of money and time, but they're actually essential steps in the buying process. The cost of a home inspection may seem unnecessary, but it's well

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How To Sell Your Home Faster

If you’re struggling to sell your house, there are a few strategies that you can use to speed the process along.Hire The Right Real Estate AgentHiring a real estate agent who understands your

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How to Buy a House in Texas in 8 Steps

Texas has been one of the fastest-growing U.S. states—and for good reason! Texas is a very popular state for young professionals and first-time homebuyers because of its strong job

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How a Real Estate Commission is Figured in Texas

The commission you'll earn as a real estate agent in Texas can vary. Traditionally, it will be a cut of a percentage that is split four ways. I know, that sounds like a lot of splitting,

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MARKET VALUE VS. APPRAISED VALUE: UNDERSTANDING THE DIFFERENCES

As a homebuyer or homeowner, you have likely heard of different terms that refer to the value of your home, including market value and appraised value. Both are important to understand, but for

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How Long Does It Take To Sell A House, On Average?

When you decide you’re ready to sell your home and move, it’s natural to want the process to happen quickly. Nobody likes to be stuck in limbo with a home that isn’t selling no

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Home Inspections: What Texas Homebuyers Should Know

Many people believe home inspections are a waste of money and time, but they're actually essential steps in the buying process. The cost of a home inspection may seem unnecessary, but it's well

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How to prepare your home for sale

Thinking about selling your home? Making the extra effort to prepare it for sale will improve your chances of success. Prepping your home could mean anything from making necessary repairs to

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Texas First-Time Homebuyer Programs

Texas offers first-time homebuyers a wide variety of options, ranging from down payment assistance to homebuyer education courses, that help Texans with their homeownership goals. Texans can choose

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Pending Home Sales Flat in November Despite Drop in Mortgage Rates

The numbers: Pending home sales were flat in November compared with the previous month, according to the monthly index released Thursday by the National Association of Realtors (NAR).The

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Here's Where a Townhome or Condo Comes With the Biggest Discount

It’s a new year, a time for optimism and renewal. So we’re turning our attention to those potential homebuyers who could use it the most: the first-timers, who are facing the most

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What to Expect From a Listing Agent

Before you start making hard-to-meet demands of your listing agent, it’s essential to understand what the agent is actually responsible for. We’re not saying you’re high;

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Closing Costs for Sellers: Common Fees Associated With Selling Your Home

1. Seller costsOne of the more significant closing costs for sellers at settlement is the commission for the real estate agents involved in the transaction.Commissions on real estate are

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Latest Home Sales Data Offers Hope: Is America’s Housing Market Finally Looking Up?

Has the housing market finally turned a corner to end the year looking merry and bright?A new report from the National Association of Realtors® has found that after five straight

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Home Maintenance Costs Are Higher Than Ever: Here Are 5 Ways To Save

The pleasures of owning a home are many: You have a sanctuary you can customize to your tastes while you build wealth.Alas, you can’t just sit back and watch your home equity grow. To

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On the House: Why You Should Consider Buying a Home Before Mortgage Rates Fall

Q: Should I wait for mortgage rates to fall before I start looking for a home?There are likely millions of aspiring homebuyers diligently biding their time until mortgage interest rates fall

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November 2023 Housing Report

The median home price in Fort Worth in November was $320,000 – the lowest it has been since January, and down 3.9 percent year over year.The median home price in Fort Worth in November was ,

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What to Look for When Buying a House: 10 Major Red Flags

When buying a house, many home buyers walk though the open house, checking out the layout of the rooms and the name brands on the kitchen appliances. Smart buyers, on the other hand, know

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Mortgage Rates Just Dipped Below 7%—and May Go Even Lower. Here’s Why.

Homebuyers have a lot to be joyful for right now as mortgage rates have dipped below 7%—the first time they’ve done so since August.For the week ending Dec. 14, rates for a 30-year fixed

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This Might Be the Scariest Problem Putting Your Home at Risk—Address It Now!

A home might have any number of scary structural problems, from mold to a cracked foundation to decaying beams. But what really gets home inspectors’ blood

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Essentials You’ll Need on Moving Day

You made it! The big move went smoothly and here you are, waking up for the first time in your new house. You toss off the covers and head downstairs to start brewing some coffee—only to

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The Number of Homeowners Facing Foreclosure Is Falling—but Likely To Rise in 2024

As 2023 comes to an end, fewer homeowners are facing foreclosure than they were earlier this year.The number of homeowners with a foreclosure filing fell 7% in November from the previous month,

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Local Market Trends As of Friday, December 8, 2023

Inventory gets interestingThe number of homes available for sale ("inventory") follows a regular, seasonal pattern: lowest in the winter, highest in the summer. Inventory would normally be falling

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What impacts mortgage rates:

Mortgage rates tend to follow the direction of long-term government bond yields, especially the yield on 10-year Treasury notes. Here are some of the key factors that can influence fluctuations in

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Instant Reaction: Mortgage Rates, November 30, 2023

It seems clear mortgage interest rates have hit a peak in late October and are now headed south. Mortgage interest rates dropped again to 7.22% from 7.29% last week. That drop from the recent

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