Mortgage Rates
At their peak in October, the average mortgage rate was 7.79% according to The Fed. As of their last update, that average rate is down to 7.03%. That decrease of .76% saves the average buyer
Have high prices and high mortgage rates kept you from buying a home? We've got good news for you.
As you scroll down, you'll see how a combination of reduced prices, falling mortgage rates, and some Johnson Team-negotiated savings add up to an average buyer seeing approximately
At their peak in October, the average mortgage rate was 7.79% according to The Fed. As of their last update, that average rate is down to 7.03%. That decrease of .76% saves the average buyer
Add to that the fact that home prices have fallen from a median of $464,900 in October to $440,500 in December, and buyers are saving an additional
In a purchase, a buyer can negotiate for seller concessions. These are simply money from the seller credited to the buyer, which can be used to reduce their closing costs. In October, average seller concessions were already up to $5,905. So far this month, the average is even higher at $6,594 saving the average buyer an additional
We've partnered with Logan Bowles of Fairway Mortgage to offer an additional discounted rate to our buyers. Though the amount will vary based on qualification, we're seeing a rate reduction of approximately .28%, which saves buyers at the median price point another
Logan has also agreed to cover the closing fee that banks charge when a new mortgage is written. That helps out a lot with closing costs, saving buyers
January always sees a surge in buyer activity, which allows sellers to increase their prices. That's why we want to make sure you know what is available now. We have a perfect storm for our buyers to get a far better deal than they have been able to get in a long time.
If you aren't ready to buy, you shouldn't. But if the combination of high rates and high prices has kept you from fulfilling your dreams, we would love to help you take advantage of this opportunity.
Derek is awesome when house hunting or selling. Always super helpful and responsive to the client. Derek is patient with finding a place for you to call home. We looked at a lot of houses before finding one and Derek never push...
We arrived in Colorado Springs somewhat uncertain of what we wanted in our future home. Derek was very intuitive as we looked at multiple properties from condos to spacious houses, and buildable lots. His patience and expertise...
We really appreciated Derek’s support in buying our home. Derek is incredibly responsive and offers valuable insights and information on homes, neighborhoods throughout Colorado Springs, and services. His patience and reassurin...
This guy is incredible. Not only was he able to find me a house I love in a really tough market, but he was able to do so within just a few weeks! In every house, we toured there were things that he was looking out for and pote...
Ron Parker and the Johnson Team are the best! I recently purchased my first home and Ron and his team made the experience exceptional. When I was first referred to Ron, I was living out of state and was not able to view any hom...
Derek was recommended to us by a close friend who lives in Colorado Springs. We worked with Derek, from Portland, OR, as he helped us purchase a home in Colorado Springs. (We lived in Portland but were planning to move to Color...
With a strong market in Colorado Springs, we expected to sell our home quickly. Ron came to the house and we decided on an offering at a reasonable price. The photographer did an amazing job and the description of the house was...
Ron Parker from the Johnson Team sold our home for us. We are living in a different state so we were concerned about getting things done. Ron handled everything thing for us. He took care of things that we normally would have b...
Dan Noel and the Johnson Team made the process of selling our home quick and painless beyond my wildest hopes. Dan guided us expertly through the entire process, was always available to answer questions and handle things for us...
This spring, Dan helped me find a home in the Springs area that fit me perfectly. Not only was he thorough and insightful, but he also was very friendly and professional. I am a first-time homeowner, and I had originally planne...