Helpful, actionable tips for prospective home buyers navigating today’s complex and competitive housing market. Better understand current buying conditions, financing trends, and discover the newest loan programs and special offers available.
Lately, new home sales have surged as existing housing supply continues to be hard to come by. This is partially because mortgage rates more than… Read More »Should I Use the Home Builder’s Mortgage Lender or a Different One?
Well, another year is nearly in the books, which means it’s time to look ahead at what 2024 might have in store. As is customary,… Read More »Will Mortgage Rates Go Down in 2024? Here Are All the Latest Predictions From the Biggest Names
The Federal Housing Administration (FHA) announced new loan limits for 2024 this week, bumping up the “floor” on FHA loans to $498,257. This represents a… Read More »2024 FHA Loan Limits Rise to $498,257
A new program called “Lock It, List It” allows real estate agents to secure a mortgage rate for a buyer before the property even hits… Read More »Guaranteed Rate Launches Lock It, List It: Real Estate Agents Can Secure a Discounted Mortgage Rate for the Buyer Before They List
Gone are the days of the zero-down mortgage. At least for the typical home buyer. Instead, the 2023 Profile of Home Buyers and Sellers from… Read More »Down Payments on Houses Rise to Highest Levels in Over 20 Years
I’ve already written about it not being the best time to buy a home right now, at least from a pure investment standpoint. In short,… Read More »It Now Takes More Than a Decade to Break Even on a Home Purchase
Thanks to a record number of price cuts and a big improvement in mortgage rates, home buying conditions have improved tremendously. Taken together, you might… Read More »Redfin Says It’s the Best Time to Buy a Home Since Mid-September: Should You Buy Now or Hold On?
You’ve probably heard of the mortgage rate lock-in effect, where homeowners are unwilling (or unable) to give up their ultra-low mortgage rates. Also known as… Read More »Lender Will Split the Difference If You Give Up Your 3% Mortgage Rate
Lately, mortgage rate buydowns have been all the rage as a means to reduce home buying costs. This could come in the form a temporary… Read More »Are Adjustable-Rate Mortgages Going to Replace Mortgage Rate Buydowns?
For those of you still wondering why home prices haven’t plummeted, despite significantly higher mortgage rates, it’s because there isn’t a negative correlation. A lot… Read More »Higher Mortgage Rates Hurt Sales Volume, Not Home Prices
