Today’s higher mortgage interest rates have many homeowners hesitant to sell their houses and buy new ones. But the skyrocketing home prices of recent years mean that many of those owners are sitting on substantial home equity. Here’s how that equity can soften the blow of higher interest rates. Two factors increasing home equity Your… Read more »
Today’s mortgage interest rates are a good bit higher than those of a few years ago, and that’s keeping many buyers on the sidelines, waiting for a better rate. Should you wait until interest rates drop to buy a house? Experts generally say no. Here’s what you need to consider. No crystal ball of interest… Read more »
Inflation has risen to levels not seen in the U.S. since the early 1980s. Interest rates are rising, too, and there are clear indications they will keep going. How do these factors affect today’s housing market? Current inflation conditions Home prices soared over the last couple of years. New construction prices skyrocketed when the cost… Read more »
Home sales in the U.S. have confounded buyers and sellers alike for the last three years. Prices have increased by double-digit percentages, leaving would-be buyers increasingly frustrated. When will home prices normalize? Why home prices spiraled upward Several ingredients have created low supply and increased demand, which together cause rising home prices. Demographics. The millennial… Read more »
The financial world hangs on the mere hint of a possible interest rate increase by the Federal Reserve. But what about rank-and-file consumers? What does the Federal Reserve do, and how does it affect what you pay for your mortgage? What is the Federal Reserve? Despite its name, the Federal Reserve is not an agency… Read more »
