1522 W. Causeway Approach

Mandeville, LA 70471

504-236-8587

KellyWaltemath@gmail.com

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Record Rebound For Existing Home Sales

The National Association of Realtors (NAR) released data confirming that July’s existing-home sales hit another record increase. This boost is encouraged by the record low mortgage rates. According to NAR, single-family homes, townhomes, condominiums and co-ops existing home sales were up 24.7% to a seasonally adjusted annual rate of 5.86 million during the month of […]

Mortgage Interest Rates Under Three Percent

Mortgage interest rates are at record lows and will keep falling in the near future. August 6 saw a drop in mortgage interest rates to under 3 % giving buyers a huge incentive to purchase a new home. According to forbes.com, the spread between 30-year fixed-rate mortgages and the yield on 10-year treasury bonds is […]

Record Low Mortgage Rates Increase Homebuyer Demand Thirty-Three Percent

Record Low Mortgage Rates Increase Homebuyer Demand Thirty-Three Percent

The pandemic shut-in is lifting and potential homebuyers are starting to branch out and look for a new home. With the shut-in lifting and record-low mortgage rates, the Mortgage Bankers Association’s index reported a 33% increase in homebuyers than this time last year. The report also showed that mortgage applications to purchase a new home […]

June Sees A Positive Housing Market In Builder Confidence

June Sees A Positive Housing Market In Builder Confidence

  According to the latest NAHB/Wells Fargo Housing Market Index (HMI), builder confidence in the housing market for newly-built single-family homes rose 21 points to 58 this June. This is a great reading as anything above 50 shows a positive market. “As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB […]

Mortgage Demand Up Now More Than Ever

Mortgage Demand Up Now More Than Ever

Mortgage demand from potential homebuyers is up 13% annually even though the interest rates are rising. According to CNBC mortgage rates were at a record low at the beginning of the second week of June but began to rise throughout the week and spike at the week ending. The 30-year fixed increased to 3.38% from […]

Fed Says Stimulus Will Keep Coming Years After the Pandemic

Fed Says Stimulus Will Keep Coming Years After the Pandemic

As of last Wednesday, the Federal Reserve did not change the rates and maintain they will keep going with the stimulus plan until the economy “has weathered recent events.” The majority of policymakers say that the current rate levels will remain low in 2022. The Federal Reserve’s “dot plot” shows that the forecast of the […]

Audubon Nature Institute Will Reopen In Phases

Audubon Nature Institute Will Reopen In Phases

The Audubon Nature Institute is a big part of the New Orleans’ area attractions. Residents and visitors alike enjoy the museums and parks that are part of the Audubon Nature Institute. Under Louisiana’s and New Orleans’ health directive, the Audubon Nature Institute will reopen their parks and museums in phases with limited attendance and programming. […]

Questions to Ask Yourself When Selling Your Home

Questions to Ask Yourself When Selling Your Home

Every homeowner will sell or entertain selling their home at one point in time. The homebuying market is ever-changing so the seller’s home market process will always be fluid. Here are some questions to ponder if and when you are ready to list. Is now a good time to sell? The current home market whether […]