If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. … [Read more...] about Why Rising Mortgage Rates Push Buyers off the Fence
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home … [Read more...] about How Today’s Mortgage Rates Impact Your Home Purchase
What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. … [Read more...] about 2022 Housing Market Forecast [INFOGRAPHIC]
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases … [Read more...] about How Homeownership Can Help Shield You from Inflation
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates … [Read more...] about How To Approach Rising Mortgage Rates as a Buyer
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: … [Read more...] about Where Are Mortgage Rates Headed?
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement … [Read more...] about What’s Happening with Mortgage Rates, and Where Will They Go from Here?
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal … [Read more...] about What You Can Expect from the Spring Housing Market
If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. … [Read more...] about This Spring Presents Sellers with a Golden Opportunity
Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. … [Read more...] about Key Terms for Homebuyers [INFOGRAPHIC]