Inspirations from a 3rd Generation Realtor, Marshall Malone. I hope it helps you get to know the city of Birmingham and beyond.

July 19, 2021

What You Should Do Before Interest Rates Rise

What You Should Do Before Interest Rates Rise | MyKCM

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

Sell and Move Up (or Downsize)

Many of today’s homeowners are rethinking what they need in a home and redefining what their dream home means. For some, continued remote work is bringing about the need for additional space. For others, moving to a lower cost-of-living area or downsizing may be great options. If you’re considering either of these, there may not be a better time to move. Here’s why.

The chart below shows average mortgage rates by decade compared to where they are today:What You Should Do Before Interest Rates Rise | MyKCMToday’s rates are below 3%, but experts forecast rates to rise over the next few years.

If the interest rate on your current mortgage is higher than today’s average, take advantage of this opportunity by making a move and securing a lower rate. Lower rates mean you may be able to get more house for your money and still have a lower monthly mortgage payment than you might expect.

Waiting, however, might mean you miss out on this historic opportunity. Below is a chart showing how your monthly payment will change if you buy a home as mortgage rates increase:What You Should Do Before Interest Rates Rise | MyKCM

Breaking It All Down:

Using the chart above, let’s look at the breakdown of a $300,000 mortgage:

  • When mortgage rates rise, so does the monthly payment you can secure.
  • Even the smallest increase in rates can make a difference in your monthly mortgage payment.
  • As interest rates rise, you’ll need to look at a lower-priced home to try and keep the same target monthly payment, meaning you may end up with less home for your money.

No matter what, whether you’re looking to make a move up or downsize to a home that better suits your needs, now is the time. Even a small change in interest rates can have a big impact on your purchasing power.


If making a move right now still doesn’t feel right for you, consider refinancing. With the current low mortgage rates, refinancing is a great option if you’re looking to lower your monthly payments and stay in your current home.

Bottom Line

Take advantage of today’s low rates before they begin to rise. Whether you’re thinking about moving up, downsizing, or refinancing, let’s connect today to discuss which option is best for you.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Marshall Malone does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Marshall Malone will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
June 19, 2021

Rare Jewel - Avondale Home For Sale

Beautiful Avondale home in Birmingham, AL.  Kitchen has a hot water tap,a filtered tap and the main faucet has sensors (Kohler). double oven. Two refrigerators, both SS with French doors and bottom freezer. Kitchen counters are walnut; Island is cherry, back splash is Italian tumbled marble. All floors are "heart Pine". House build in 1927 (listed as 1935 but that is incorrect.) No gutters (so no gutter cleaning, house does not need gutters). metal roof. All HVAC in excellent cond. Tankless Water Heater-serviced last month, and was installed in 2015. 8 fireplaces, non-working (coal originally). 3 sets of pocket doors. Outside painted Aug 2019, kitchen remodeled 2016,backyard remodeled 2015.

Posted in Birmingham Market
June 19, 2021

Take a Look at this Charming 100-Year Old Home Coming Soon

Charming 100 year old home with Narnian-like attic spaces and nooks for days. It’s in great condition, with an elegant stone fireplace in the living room, cement tile roof, and a spacious kitchen. Laundry room is on the main, and partial basement with almost new HVAC and water heater. Easy walk to the Piggly Wiggly, and just a few minutes to downtown, St. Vincents, and UAB. GREAT LOCATION, and a pleasant view.

Posted in Birmingham Market
June 9, 2021

There's Still Time To Take Advantage of Historically Low Mortgage Rates

Today's mortgage rates are still incredibly low compared to the historical norm. Let's connect so you can strike while the iron is hot. Marshall Malone

June 9, 2021

Townhouse near Crestwood For Sale

Great location!!!

A Quaint recently renovated garden home in a safe, social neighborhood of Crestwood and Oakright Park and is move-in ready. 2 bedrooms, 1.4 baths,. Kohler kitchen sink, brass fittings, new floors, counter top and plenty of kitchen storage.....etc. All new electric appliances including dishwasher, and washer/dryer. New HVAC!! Large backyard tree covered deck with a handy out door storage room. Upstairs each bedroom has two closets, and the Jack& Jill bathroom has all new fixtures, a working laundry shoot, and privacy glass doors. Near many restaurants in both Avondale and Irondale, and down the street from Edge movie theatre, Crestwood Park and shopping center. 10 minutes from UAB. 5 minutes from Eastwood Plaza or Publix. 10 minutes from the airport.

Posted in Birmingham Market
June 9, 2021

Avondale - Beautiful Renovated Home

A rare find!

Breathtaking historical home close to St. Vincent's Hospital. Modern take with old world charm. Beautifully remodeled kitchen, 6 (non-working) fireplaces & gorgeous mantles, great parking in back. 2 stairways! large fenced backyard. Metal roof and all the accessories...HVAC in excellent condition. Tankless water heater! Exterior painted in 2019. Click on Image to learn more.

Posted in Birmingham Market
June 9, 2021

8 Unit Multi-Family Listing in Birmingham

7707 7TH AVENUE SBIRMINGHAM, AL 35206 - MLS #1283444



Investors wanted!!! Great 8 unit complex partially (4 units) updated and mostly occupied. Ready for first time investors or for your retirement portfolio.

June 8, 2021

Real Estate Sold Last Week

These homes closed last week in Crestwood, and Center Point

June 1, 2021

Cash In on Today's Housing Demand by Selling Your Second Home

This is a great time to cash in on an unprecedented demand for houses. Let's connect if you're ready to liquidate your portfolio while buyers are actively in the market.

Posted in Birmingham Market
May 25, 2021

Where Do Experts Say the Housing Market Is Heading?

Where Do Experts Say the Housing Market Is Heading? | MyKCM

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.

“. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”

National Association of Realtors (NAR)

“Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encouraged to list and show their homes with a population mostly vaccinated by the mid-year.”

Danielle Hale, Chief Economist at

“Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.”

Freddie Mac

“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Bottom Line

Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.