How Changing Mortgage Rates Can Affect You
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship
Lower Mortgage Rates Are Bringing Buyers Back to the Marke
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to re
What Should you Ask Lenders When Buying a Home?
Buying a home requires more than finding the perfect home. First, you need financing, or you won’t be able to buy the home. Lenders have specific requirements when considering buying a home, so knowing what questions you should ask them is important. How Much do I Need for a Down Payment? Your down
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