ADUs Offer Perks to Homeowners – Tips from Prestige Capital Accessory Dwelling Units (ADUs) have become increasingly popular nationwide in recent years, offering affordable housing solutions for many Americans. An ADU is a smaller, self-contained structure on the same property as the primary residence, with full living, kitchen, and sanitation facilities. This can be attached…
Spring Home Buying Tips from Prestige Capital Spring is typically the busiest season for real estate sales. This year, the market has shifted to favor buyers, giving them more negotiating power. Here are a few tips to make the home buying process easier! Get Full Pre-Approval There’s no doubt about it, getting full pre-approval from…
Mortgage Rate Updates from Tracy Shaw of Prestige Capital It’s no surprise that the Federal Open Market Committee (FOMC) did not lower the benchmark interest rate in their March meeting last week. The target rate has remained at a range of 3.50% to 3.75% since December 2025. For the most part, economists expect no aggressive…
Spring Outdoor Home Maintenance Tips from Prestige Capital Spring is right around the corner, and it is a great time to prepare a home maintenance check list. Here are some ideas to get ready for the season. Check your roof, gutters, and downspouts Inspect the exterior structure for damaged siding, trim, brick, or stucco Check…
Fed Announces No Rate Changes – Info from Prestige Capital The Federal Reserve held the benchmark interest rate at 3.5% and 3.75% in their meeting last week. While Fed decisions do not have a direct effect on long-term mortgage rates, borrowing costs for home loans often mirror fed fund rate trends. Financial experts don’t expect…
Buy Now or Wait and Save? Tips from Tracy Shaw of Prestige Capital Interest rates have stabilized, down to the lowest rates we’ve seen since February 2023. Still, many potential buyers are asking, “Is now a good time to buy a home?” Why Buy Now? If you’re in a good financial position to buy a…
Big News! Dream for All Applications Open Feb 24 – Updates and Info from Prestige Capital Big news for California homebuyers—California Dream For All Shared Appreciation Loan registration will be open from February 24 through March 16, 2026.This program is designed to help first-time and first-generation homebuyers purchase a home by offering significant down payment…
Tips on Saving for the Down Payment from Tracy Shaw at Prestige Capital First-time buyers often feel that saving for a down payment on a home is a daunting task. It’s not out of reach if you set up a savings plan, and stick to it. Set Your Price Range We can do some quick…
Will Rates Go Down in 2026? – Info from Tracy Shaw of Prestige Capital We closed 2025 with mortgage rates hovering in the low-6% range, and many consumers want to know if rates will continue to fall in 2026.Rates have been somewhat consistent over the last two months, and most experts agree that rates will…
FHFA Announces New Conforming Loan Limits – Info from Prestige Capital The Federal Housing Finance Agency (FHFA) released updated conforming loan limit (CLL) values for 2026 recently. The new limits for loans backed by Fannie Mae or Freddie Mac have risen 3.25%, up to $832,750 for one-unit properties in most counties. The limit in high-cost…