How Does a Spike in Mortgage

Rates Affect You?

How Does a Spike in Mortgage Rates Affect You?

February 2022 Newsletter

Over the past year, we’ve been told repeatedly how the record-low mortgage rates will begin to increase. Well, that time has come. 


Perhaps triggered by accelerating inflation rates, which began a steady climb above 6% and are currently hovering around 7%, we are now seeing the highest mortgage rates in the past 2 years.


Increased inflation is bad news for Mortgage Bonds, which is why we’ve seen interest rates tick up quickly in 2022. As the Fed begins to raise the Federal Funds rate (the interest rate banks charge each other to borrow or lend excess reserves overnight) in March and throughout the year, we should see interest rates stabilize or possibly decrease. It’s worth mentioning that mortgage rates are under 4% - still historically low. However, this recent jump is a substantial increase from just over 3% in November 2021, to between 3.6 - 3.7% in January 2022. 


With this recent news, you may be wondering how this affects your ability to buy a home or investment property. Simply put, the higher your interest rate, the higher your monthly payment. For example, if you purchased a home back in November of 2021 with a $400,000 mortgage and 3.1% interest rate, your monthly payment would be around $1,700/month. If you were to purchase that same home today with a 3.6% interest rate, your monthly payment would be over one hundred dollars more a month at $1,819. This may not seem like a lot, but over the life of your loan that would cost you thousands of dollars! Imagine having an extra $1,428/year to use for home improvements or other expenses.


Inventory is very low right now, but it’s definitely still a great time to make a move if you’ve been waiting on the sidelines. Interest rates may continue to rise, so it’s a good idea to lock something in now instead of next winter. Give me a call today! My trusted 8z Loan Officer and I have all the modern buying solutions (and selling solutions!) so we can formulate a plan that works for you.

Modern Solutions for the

Competitive Market

Modern Solutions for the Competitive Market

As you are probably well aware, the real estate market is challenging to navigate right now if you don't have the right team in your corner, or the right tools to overcome the current obstacles. Fortunately here at 8z, we have all of the modern solutions to make buyers' and sellers' lives easier. One solution in particular that really shines in this competitive landscape is 8z Cash Buyer. In today’s market, it’s not uncommon for homes to receive dozens of showings along with more offers than ever before – each more creative and competitive than the next. With Cash Buyer, you come to the offer table with all cash, making you stand out among the crowd. Click below to learn more, or give me a call today! 

Monthly Market Snapshots

Monthly Market Snapshots


8z in the Spotlight

8z in the Spotlight

“Salary, healthcare, and 401k matching: How this employee-owned brokerage thrives” - This was the title of a recent article from Inman News, a prominent real estate industry publication. Can you guess who they’re talking about? That’s right - 8z! We could not be more thrilled and honored to receive this kind of press, and we want to thank all of you who have chosen to work with an 8z agent - we couldn’t do it without you!


As you may already know, our mission is to always put our clients first, while also ‘doing real estate differently.’

inman article

One difference between 8z and every other brokerage in the nation is the fact that we are the one and only employee-owned brokerage. Not only are company profits shared with employees, but top-performing agents also become partners of the brokerage - something completely unique in the world of residential real estate. 8z Partners receive all the benefits as any other employee, giving them added financial security, as well as the flexibility to create an even healthier work-life balance. If you’d like to read the whole Inman article, click here.


Make these 7 Home

Improvements Before You Sell

Make these 7 Home Improvements Before You Sell

There are many schools of thought when it comes to preparing your home for sale. In this highly competitive, low inventory market, you may think you can get away with listing a home that’s full of your kid's toys and has wallpaper from the 80s. Honestly, you probably could, but you would net nowhere near what you could have had you taken the time to prep the right way.


It’s important to recognize the difference between short and long-term projects. Renovating your kitchen right before you sell probably won’t give you the best ROI, especially if the buyer ends up not liking it and changing it themselves. Instead, realtors suggest you focus on quicker, more cosmetic changes. Our very own Sergio Nazzaro contributed to this recent article from the Denver Post. With a couple of other Denver agents, they put together a list of some lower-cost improvements that will go a long way:


  • Deep cleaning
  • Paint
  • Flooring
  • Moderately-priced kitchen remodel
  • Moderately-priced bathroom remodel
  • Add more space
  • Boost curb appeal
  • Show off your home (stage it!)


If you’d like to read what these expert Denver agents have to say about each item on the list, you can read the full article here.

7 Home Improvements to Make Before You Sell

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