Our Mortgage Blog
Huge Refinance Boom Fueled by Low Mortgage Rates
According to a recent CNBC news article, the 30-year fixed rate mortgage rate has dropped to 4.15% for potential homebuyers with at least 20% to put down on a new home. This affects conforming loan balances up to $647,200. The rate decrease has created a surge in...
Is Real Estate Worth It in Michigan?
Michigan is a state that gets to experience all four seasons. Lake Michigan, Lake Superior, Lake Huron, and Lake Erie provide ample beachfront for people to enjoy during the warm summers. A plethora of snow throughout the state makes various winter sports enjoyable....
Do Housing Prices Go Down in a Recession?
Most people know that the economy has a direct impact on the pricing of many goods and services. It probably shocks some people to know that a recession doesn't always mean that home prices are going to go down. There are several ways that a recession might impact...
What is a 1031 Exchange and How Does it Work?
The IRS tax code is an intricate list of rules that govern just about every situation that relates to taxes. For investors, there are certain transactions they can do that enable them to avoid paying capital gains taxes on some real estate investments right away. In...
Potempa Team Business Name Update
We have decided to move forward with a slight change to our business name where we will be moving from the current name on our Facebook page that states Potempa Team - Fairway Mortgage - 454708 FIMC to The Potempa Team.
Florida Sees Six Straight Months of Increased Rent
With the popularity of short-term rentals and working remotely both rising over the last few years, it should come as no surprise to hear that rental prices have been increasing at a significant rate. Realtor.com posted their rental report showing that rent has grown...
Oregon’s New Housing Market Trends
The Oregon housing market has started becoming a buyer's market after an extremely hot period over the last year. Oregon homes are finally getting away from bidding wars with listings taking an average of 45 days to sell after being listed. Final sale prices are at or...
Top Places To Live in Nevada
Nevada is home to multiple oases that dot the state's vast desert. With over 3 million residents, Nevada provides both luxury and natural beauty together to create the idyllic southwest experience. Whether you're looking for easy access to the Las Vegas strip or...
What Type Of Mortgage Is Best For First-Time Buyers?
If you are a first-time homebuyer, you might be wondering how to find the best mortgage loan for your situation. Fortunately, there are many types of loans geared toward new home buyers. Programs like VA, FHA and conventional loans make it easier for you to get your...
Will House Prices Fall if Interest Rates Rise?
Housing costs have skyrocketed during the pandemic due to a mix of low supply and historically-low interest rates. As young professionals are going remote for work, they're leaving the big city in favor of a quiet life in the suburbs. This migration mixed with a rocky...
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THE POTEMPA TEAM
NMLS# 454708
AZ License #BK-0904162
Fax: 480-393-7023
Call Us: 855-421-2753
tim@potempateam.com