Mortgages
216 articles published
- Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]Some Highlights
- The Three Factors Affecting Home Affordability TodayThere’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home…
- What Are the Experts Saying About the Spring Housing Market?The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage…
- The Power of Pre-ApprovalIf you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a…
- Homebuyer Activity Shows Signs of Warming Up for SpringThe spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is…
- Trying To Buy a Home? Hang in There.We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a…
- How Changing Mortgage Rates Can Affect YouThe 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…
- Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]
- Balancing Your Wants and Needs as a Homebuyer This SpringThough there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com…
- 2 Things Sellers Need To Know This SpringA lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1.…
- What You Should Know About Rising Mortgage RatesAfter 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,…
- The Two Big Issues the Housing Market’s Facing Right NowThe biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory…
- Why Today’s Housing Market Isn’t Headed for a Crash67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data…
- Lower Mortgage Rates Are Bringing Buyers Back to the MarketAs 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,…
- Pre-Approval in 2023: What You Need To KnowOne of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval…
- Think Twice Before Waiting for 3% Mortgage RatesLast year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced…
- Today’s Housing Market Is Nothing Like 15 Years AgoThere’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008…
- What Are Your Goals in the Housing Market This Year?If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In…
- Applying For a Mortgage? Here’s What You Should Avoid Once You Do.While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after…
- Mortgage Rates Are Dropping. What Does That Mean for You?Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia…
- Mortgage Rates Will Come Down, It’s Just a Matter of TimeThis past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average…
- VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]Some Highlights
- What’s Ahead for Mortgage Rates and Home Prices?Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both…
- Key Factors Affecting Home Affordability TodayEvery time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have…
- Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]Some Highlights
- 3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took…
- What Happens to Housing when There’s a Recession?Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a…
- Pre-Approval Is a Critical First Step on Your Homebuying JourneyIf you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval…
- Tips For First-Time Homebuyers [INFOGRAPHIC]Some Highlights
- Four Things That Help Determine Your Mortgage RateIf you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year…
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