• couple of first time home buyers

    We’re Buying Our First Home and It’s Scary!

    Good news, everyone! We’re buying our first home. It’s been a long time coming. We first started looking for our first home about two years ago. It was right after we got engaged but before we got married. In that time, we saw a ton of homes. Most were crappy. Many were expensive and crappy; a real killer combination. Some that were OK were just too expensive for us. The few that we liked sold very quickly before we could even make an offer. We did make two offers during those two years and both went to other buyers who were more eager to pay above what we were. The…

  • Rising mortgage rates, mortgage payments and home prices

    Rising mortgage rates are on my mind as a potential home buyer. When we first started looking for a home last year, rates were below 4%. Since then, they’ve risen to an average of 4.25% as of last week and have continued to rise this week. This doesn’t mean that rates will continue to rise. Rates have a tendency to move up and down rather quickly as evidenced by the graph below. Recent fed actions have taken the rates higher. The possibility exists that this doesn’t change anytime soon if the solid economic news is any indication. Mortgage rates are loosely tied to the 10 yr treasury rate and that…

  • Life!

    It’s rather interesting how quickly your life plans can change and I came to realize that in a big way this weekend. My girlfriend and I went for a walk and took the long way to the grocery store afterwards to enjoy some of the views of our beautiful state and also to get a gym(Pokemon Go – we’re nerds). On the way there, my girlfriend noticed an open house sign on a cute little road in a nice neighborhood and we decided to stop by to take a look. We had talked about home ownership in the past and I’ve talked about it being in my future on this…