Your wants and needs matter. You'll want to be strategic when buying a home, especially with today’s affordability challenges. Mortgage rates impact how much it costs to borrow for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they need in their next home to avoid Continue Reading
You'll want to be strategic when buying a home, especially with today’s affordability challenges. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are looking closely at their wish list. They are re-evaluating what features they need in their next home to avoid overextending. As a recent NerdWallet Continue Reading
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to consider the long-term benefits of homeownership when deciding. Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’ll Continue Reading
The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel confusing, especially if you’ve been following along and seeing the blogs saying that home prices Continue Reading
If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a vital part of your decision on what you’ll buy next, it’s essential not to lose sight of the reason you want to make a change in the first place. Its actual mortgage rates have climbed from the record lows we saw in recent years, Continue Reading
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When Will Rates Go Back Down? Here’s the context you need to help answer those Continue Reading
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. Real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below): Let this Continue Reading
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold Continue Reading
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is good news for those still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the pandemic's peak frenzy has also cooled. Here are a few trends that may benefit you when buying a home today. 1. More Homes To Choose Continue Reading
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