Exciting news for those dreaming of buying a home! The Federal Housing Finance Agency (FHFA) has recently increased its loan limit to a whopping $766,550. This means as a borrower, you now have the chance to borrow more money when…
When mortgage interest rates are high, saving money for a home can seem tough. But with smart planning, you can still reach your goal. Here’s how: Set Clear Money Goals: Decide how much house you want, how big of a…
When you’re looking to buy a house and get a mortgage, the interest rate you’ll pay on that loan isn’t just random. It’s influenced by something called the Federal Reserve, which is like the bank for banks in the United…
Many homeowners and prospective buyers are eagerly awaiting a return to “normal” mortgage rates. However, mortgage rates are influenced by multiple factors, including the overall state of the economy, inflation, the central bank’s monetary policy, and the demand for mortgage-backed…
Mortgage interest rates affect your monthly payments which impact the affordability of homeownership. Below are the factors that influence mortgage interest rates and how they can impact your financial decisions. Monetary Policy: The actions taken by central banks, such as…
While the Fed’s decision to freeze rate hikes can provide significant benefits to home buyers, it’s essential for buyers to stay informed about the broader economic landscape and be prepared for potential changes in the future. By keeping an eye…
An increase in interest rates can have a significant impact on your monthly mortgage payments. Increased Monthly Payments: Higher interest rates lead to higher monthly mortgage payments. This occurs because the interest portion of your payment increases, while the principal…
If you are interested in buying in a neighborhood going through revitalization, there are plenty of benefits that you can use to make the most of your purchase. Through the Qualified Opportunity Zone program, people buying in these areas through…
Homeowners with an eye to sell their home may be hearing words like walkability. But was does it mean and how does it apply to your situation? While it isn’t a big factor with all buyers or all situations, it…
The national economy is a complex system but there are a few signs that potential homebuyers and sellers can look for that show the housing market is shifting. For the past few years, the home market in the U.S. has…
