Mortgage Rates and Inflation: Past, Present, and the Future If you want to buy a house this year, you're probably keeping a close eye on mortgage rates. Because mortgage rates influence what you can afford when you take out a home loan – and affordability is such a big concern right now – it's a good time to look at where mortgage rates have been historically compared to where they are currently....
Everyone is talking about home prices and the affordable housing crisis. A lot of people are wondering, or even think home prices are going to crash, mostly thanks to reporting from the media. But where are home prices headed for the end of 2023 and beyond? First, let's look at where home prices are at the moment and how we got here. The rate of increase in home values has been massive during the last...
Check out our latest video - What's Going To Happen With Mortgage Rates: So you've undoubtedly seen some news concerning inflation and mortgage rates, as well as something about a Federal Reserve (the Fed) decision. You may be wondering what it all means for you, especially if you're considering purchasing a home. Allow me to break it down for you. The Housing Market and...
Hello and welcome to this post on a choice that many of us will have to make at some point in our lives: Should we buy a home or stay in our current rental? This is a complicated situation that depends on a number of financial and emotional aspects. We shall discuss the various advantages of buying a property in this article. Our goal is to give you the information you need to make wise choices as you move...
Should you buy a newly built house or one that has been previously lived in? Check out the advantages of both in this new video: There is no doubt that the financial benefits of selling a house are excellent today. If you're ready to make a move, now is a wonderful time to list. Yet, if you do sell your home right now, you may be wondering where you will live when you...
Are you facing the decision of whether or not to rent or buy a house this year? If so, check out this video that will help you decide if it's better to rent or buy a house: If you rent, you probably have to make a big decision every year: do you keep the same lease, start a new one, or buy a home? This year is the same. But before you get too deep into your choices, it helps to know...
Are you ready to buy a home this year? Then watch this video to see how you can make homeownership a reality in 2023: As rent prices continue to rise, many renters want to know what they can do to get ready to buy their first home. Recent information from ApartmentList.com shows that: The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in...
Are you ready to buy a new home? Then be sure and watch this video to find out the difference between pre-qualified and pre-approved, as well as why you should get pre-approved first: Being pre-approved is one of the initial steps in the home-buying process. To understand why pre-approval is such a vital step, you must first grasp what it is and what it accomplishes for you. According to...
Are you thinking you should wait for rates to drop to 4% or maybe even 3%? Then Watch this: The Federal Reserve took action to try and lower inflation last year. Mortgage rates quickly increased in response to such initiatives from the all-time lows we experienced in 2021, reaching a peak of just over 7% last October. As a result, prospective buyers' purchasing power was reduced, which led to some of...
If you have just applied for a home loan, check out this video about what not to do so it doesn't get denied: Although it's terrific to begin planning your move and decorating once you've filed for a home loan, there are some important considerations to make before closing. Following your loan application, there are a few things you should avoid. Avoid Making Large Cash Deposits Cash is hard to track...
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