You’ve probably heard the Federal Reserve (the Fed) is raising rates again. And if you’re planning to buy or sell a house, you may be wondering what that means for you. With all the headlines, it’s easy to think the Fed sets mortgage rates. That’s actually a common myth. But ...
Continue ReadingFor a lot of first-time buyers, owning a home can feel perpetually a few years out of reach. Saving for a down payment takes time, and each year you spend renting can make owning feel further off. But buying your first home doesn’t have to happen to feel like a ...
Continue ReadingIf you’re worried about the size of mortgage payments, you’re not alone. With the median home price over $400,000, your mortgage is likely to be your biggest monthly expense. Let’s take a look at a real-life example. With a home price of $400,000 and a down payment of $20,000, you’d ...
Continue ReadingHigher mortgage rates don’t just affect buyers. They can change what it takes to sell your house, too. That’s because today’s buyers are paying close attention to affordability. And when rates rise, even a relatively small change can make a noticeable difference in their monthly payment. So, they’re looking for ...
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