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Should I Wait for Mortgage Rates To Come Down Before I Move?
Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. ...
Ways To Use Your Tax Refund If You Want To Buy a Home
Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? ...
The 3 Factors That Affect Home Affordability
The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one. ...
Lower Mortgage Rates Are Bringing Buyers Back to the Market
Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before. ...