Many buyers are in “wait and see” mode right now, watching rates linger just above 6% and thinking, I’ll buy when they drop into the 5s. And of course—everyone wants a better rate. But here’s the reality: hitting 5.99% may not save you as much as you expect. Affordability Continue Reading
If you’ve been searching for a home recently, you’ve likely felt the pinch of today’s high mortgage rates. With those rates and climbing home prices putting pressure on buyers, many are beginning to consider alternative loan options to make their budgets stretch further. One Continue Reading
Homebuyers and homesellers are paying close attention to mortgage rates – and wondering what's ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve Continue Reading
It seems like there's a lot happening in the housing market, especially with mortgage rates. The increase in rates is largely attributed to factors like the Federal Reserve's decisions on monetary policy and the current state of inflation. While there's hope for rates to Continue Reading
Deciding whether to move with today's mortgage rates involves several considerations, each unique to your personal situation and financial goals. Here are some key points to ponder as you make your decision: **Current Mortgage Rates vs. Locked-In Rate**: If you currently Continue Reading
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Continue Reading
