July 24, 2023

Homebuyers Are Getting Used to the New Normal

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

To better understand what’s been happening with mortgage ...

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Posted in Mortgage
July 20, 2023

Explaining Today’s Mortgage Rates

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. 

But, there’s one thing that’s historically a good indicator ...

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Posted in Mortgage
June 30, 2023

Lending Standards Are Not Like They Were Leading Up to the Crash

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it.

Every month, the ...

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Posted in Mortgage
June 7, 2023

The Main Reason Mortgage Rates Are So High

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: 

1. Why Are Mortgage ...

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Posted in Mortgage
April 27, 2023

The Three Factors Affecting Home Affordability Today

There’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 affordability is based on more than just mortgage rates – it’s determined by a combination ...

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April 4, 2023

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 ...

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Posted in Mortgage
Jan. 31, 2023

Lower Mortgage Rates Are Bringing Buyers Back to the Market

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 ...

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Posted in Mortgage
Jan. 18, 2023

Think Twice Before Waiting for 3% Mortgage Rates

Last 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 a hit to their purchasing power as a result ...

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Posted in Mortgage
Nov. 28, 2022

Mortgage Rates Will Come Down, It’s Just a Matter of Time


This 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 30-year fixed mortgage rate has doubled ...

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Posted in Mortgage
Nov. 2, 2022

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 mortgage rates and home ...

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Posted in Mortgage