2024 FHA Loan Limits Rise to $498,257
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
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.
It’s not easy buying a home, especially in today’s market, but knowing your local housing market’s temperature, along with the mortgage basics, should make thing a little easier.
If you’re unsure whether to rent or buy a home, read that in-depth article.
There’s a lot that goes into homeownership. And you might have overlooked some costs, whether it’s property taxes, homeowners insurance, or maintenance and unexpected repairs.
It’s a big decision, so put in the time and research before you dive in!
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
As if you needed more evidence that it’s not a good time to buy a home. The latest piece comes from the WSJ, which revealed… Read More »It’s Not a Good Time to Buy a Home and Everyone Knows It
If you have ever purchased a home and applied for a mortgage, you’ve likely come across the term “escrow.” Contrary to Portlandia’s definition, the “the… Read More »What Is Escrow?