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: CNBC — Amid rising prices and a changing economy, many Americans question their ability to meet long-term financial goals, according to Country Financial’s Security Index. The survey polled 1,023 U.S. adults from March 18 to March 20, and more than half...
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: 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...
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...
Source: Mortgage News Daily — It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? There’s a correct answer and then there’s the answer that can be gleaned from...
