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What Does an Economic Slowdown Mean for the Housing Market?
Source: Keeping Current Matters --- According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And,...
Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget
Source: CNBC --- Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained Danielle...
How to get a USDA loan
Source: Bankrate --- Backed by the U.S. Department of Agriculture, USDA home loans are available to borrowers in certain rural areas. If you’re in an eligible area, you could qualify for this special no-down payment mortgage, provided your income falls within the...
How Your Equity Can Grow over Time
Source: Keeping Current Matters --- It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over...
Too Greedy, Lazy, Envious: The 7 Deadly Sins of Home Selling Today
Source: Realtor --- Home sellers have been in heaven these past couple of years, awash in bidding wars that have pushed property prices sky-high. But at long last, the tables are starting to turn. In short, rising interest rates, rampant inflation, and the threat...
Mortgage Rates Jump Higher. Is The Recovery Over?
Source: Mortgage News Daily --- Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June. This was a larger-scale repeat of a similar pattern that played out in the month of May. Taken together,...
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