It’s time for another quarterly market update from the Monument Wealth Management team! In this episode of Off the Wall, our lovely co-host Jessica Gibbs has returned from maternity leave. Please help us give her a warm welcome back! For this mid-year review, Jessica and co-host David B. Armstrong are joined by Erin Hay and Nate Tonsager from Monument’s Portfolio Management team.
Part 1: Buying and Selling a Home
[00:50] Introducing Joan Stansfield.
[03:26] Is now a good time to buy a home? Are home prices going to keep going up?
[07:32] Tips for buyers on how to compete in a competitive market.
[09:51] Waiving contingencies: Good or bad idea?
[11:56] Why people are panic selling real estate & Is it still a seller’s market?
[14:18] Why is the housing market so expensive?
[16:37] Using real estate as a long-term investment.
[21:02] Home improvements and renovations that increase and decrease the resale value of a property.
Part 2: Interest Rates & Lending
[26:12] Introducing David Turner.
[26:45] The current state of mortgage interest rates & Will interest rates keep going up?
[27:40] How federal interest rates affect mortgage interest rates & Should I wait to buy a home until interest rates to go down?
[29:28] Adjustable-rate mortgages (ARM) vs. Fixed-rate mortgages
[36:45] What you need to know about Jumbo Loans.
[39:39] Rules for VA Loans have changed… Here’s how you might benefit!