Rising mortgage rates can throw cold water on your dream of homeownership. With interest rates climbing over 7% this week, that dream house can suddenly feel like a financial nightmare. A recent survey by LendingTree revealed a surprising fact – more than half (over 50%) of recent homebuyers only got a quote from one lender. This means they might miss out on huge savings … [Read more...] about Shop Around for Your Mortgage to Not Get Stuck Paying Extra for Your Dream Home
Mortgage
Interest Rates In Housing Market Dip Slightly, But Affordability Concerns Remain
There is good news for homeowners looking to refinance their mortgages, but the overall housing market picture is still mixed. Let's break down the latest Mortgage Bankers Association (MBA) numbers. ______________________________________________________________________ ______________________________________________________________________ Interest Rates In … [Read more...] about Interest Rates In Housing Market Dip Slightly, But Affordability Concerns Remain
Are Reverse Mortgages a Smart Financial Tool for Cash Strapped Seniors
Their home is a valuable financial resource for numerous Americans aged 62 and older. Yet, as retirement nears and savings decrease, some seniors might encounter financial difficulties. Reverse mortgages can help in these situations by letting homeowners get money from the value built up in their homes without selling … [Read more...] about Are Reverse Mortgages a Smart Financial Tool for Cash Strapped Seniors
Should You Hold Off on Buying a Home Until Mortgage Rates Drop?
In the constantly changing world of real estate, deciding when to buy a house can affect your wallet. These days, the idea of buying a home feels like a gamble because of soaring mortgage rates, which have jumped from around 3% to more than 7% in just a few years. This sharp increase has pushed many would-be homeowners to the sidelines, leaving them to wonder whether it's … [Read more...] about Should You Hold Off on Buying a Home Until Mortgage Rates Drop?
Mortgage Rates Reach Highest Level of the Year & Expected to Continue Climbing
For prospective homebuyers, the dream of homeownership just got a little more expensive. Mortgage rates dipped earlier this year and have surged to their highest point since last November, hovering around 7.5% for a 30-year fixed mortgage. This rise in the rate could make homes less affordable and slow the busy housing … [Read more...] about Mortgage Rates Reach Highest Level of the Year & Expected to Continue Climbing