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The national housing headlines sound scary, but if you are currently renting, buying a home may be far more affordable than you realize. Do you pay $1,000 or $1,600 a month in rent? We break down what your monthly rent payment equates to in a mortgage payment in our current housing market.

After several years of historically low mortgage rates, the 30-year fixed-rate mortgage averaged 5.00 percent for the first time in more than a decade according to mortgage loan company Freddie Mac.  That is up nearly two percentage points from a year ago at this time. As of April 14, 2022, the 15-year fixed-rate mortgage averaged 4.17 percent and the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.69 percent.

Many potential homeowners are concerned how the rate increase may impact their buying power. A new quarterly forecast from Freddie Mac's Chief Economist predicts the single-family purchase market will remain solid in 2022 and that the overall housing market will remain a bright spot in the U.S. economy. Specifically, the findings predict the 30-year fixed-rate mortgage should average 4.6 percent in 2022 and 5.0 percent in 2023. In 2021, the 30-year averaged 3.0 percent.

Curious what the changes mean for your monthly mortgage payment? In this brief video we break down the impact and give some perspective on rates over the past few decades.

https://vimeo.com/700924156

Kevin McManamy, President of United Real Estate Solutions, Inc. announced 2021 production awards for the company's top producers during a company breakfast at the United Center.

Earning the real estate industry's highest production honors, the President's Award, were Rick Arnold, The Burnett Team – Chuck & Marian, Liz Deurloo, Sheryl Ford, Barb Kimmel, Joe Krage, Jeff Nelson, Dave Pepin, and Adam Stokes, as well as Beau Braunger, Nathan Connelly, Erin Rooney and Nic Madsen of NAI United.

Claiming the Diamond Award was Lee Quade. The Platinum Award was presented to Hank Baker, Bob Patton, Nick Tramp and Claudia Zapata.

Receiving the Gold Award was Paula Brown, Judy Clayton, Eric Hoak, Sydney McManamy and Patti Robinson. Silver Award winners were Nickie Quinn and Mike Wojcik.  Those earning Bronze Awards include Peggy Christensen, Dixie Gors, Tom Marx, Linda Mathison, Rachel Raak, Cyndi Unger and Katie Worden.

Individual company awards were also pres...

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