283 Auto Mall Dr, Suite 3

St. George, UT 84770
Loan Officer | NMLS #299717

(435) 275-4969

Monday-Friday 8am- 6pm MST
Saturday 10am-3pm, Sunday Closed

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Economy

Ryan Bolton shares How Today’s Mortgage Rates Impact Your Home

How Today’s Mortgage Rates Impact Your Home

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.

ryan shares how supply and demand affects mortgages

Supply and Demand Affect Real Estate Goals, Here Is How So

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers.

Ryan Bolton Helps with Things That Could Help You Win a Bidding War on a Home

Utah Home Bidding Wars: Competitive Real Estate Market Utah Bidding Tips

tive! What can you do to compete in these bidding wars with other buyers? With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below):

ryan bolton shares multigenerational housing

Multi-Generational Living: The New, But Old American Way of Living

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home.