Source: Keeping Current Matters — If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach....
Source: Fox Business — Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the...
Source: Realtor.com — With home prices setting record highs month after month—reaching a remarkable nationwide median of $405,000 in March—just about all homebuyers are grumbling these days that they can’t get a break. But if you’ve ever wondered just how high...
Source: Housing Wire — Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar...
Source: RisMedia — The National Association of REALTORS® (NAR) has recently completed its long-running “Generational Trends” survey to provide intriguing information on the trends impacting home buyers and sellers by generation. Seeing how different generations...
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] What does locking a rate do for clients? It keeps these rates in check. Some lenders that I use even let me lock and shop. What does...
