Category: Interest Rates

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What You Should Know About Rising Mortgage Rates

First Time Home Buyers / For Buyers / Housing Market Updates / Interest Rates / Move-Up Buyers

What You Should Know About Rising Mortgage Rates

After 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, if you’re planning to purchase a home this year, you too may...

The 3 Factors That Affect Home Affordability

Buying Myths / Down Payments / For Buyers / Housing Market Updates / Interest Rates / Pricing

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Think Twice Before Waiting for 3% Mortgage Rates

Buying Myths / First Time Home Buyers / For Buyers / Interest Rates / Move-Up Buyers

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,...

What Are Your Goals in the Housing Market This Year?

First Time Home Buyers / For Buyers / Interest Rates / Move-Up Buyers

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 the last year, high inflation had a big...

What To Expect From the Housing Market in 2023

For Buyers / For Sellers / Housing Market Updates / Interest Rates / Pricing

What To Expect From the Housing Market in 2023

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled –...

Mortgage Rates Are Dropping. What Does That Mean for You?

Buying Myths / First Time Home Buyers / For Buyers / Housing Market Updates / Interest Rates / Move-Up Buyers

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 Evangelou, Senior Economist and Director of Forecasting at the...

2023 Housing Market Forecast [INFOGRAPHIC]

For Buyers / For Sellers / Housing Market Updates / Infographics / Interest Rates

2023 Housing Market Forecast [INFOGRAPHIC]

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in...

What’s Going on with Home Prices? Ask a Professional.

For Buyers / For Sellers / Housing Market Updates / Interest Rates / Pricing

What’s Going on with Home Prices? Ask a Professional.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors...