Today’s mortgage rates are top-of-mind for many homebuyers right now.
The Three Factors Affecting Home Affordability Today
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.
What You Should Know About Rising Mortgage Rates
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
Mortgage Rates Are Likely To Fluctuate In Davison MI, But They Have Dropped Slightly In Recent Weeks
Mortgage Rates Are Likely To Fluctuate In Davison MI, But They Have Dropped Slightly In Recent Weeks Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the […]
Mortgage Rates Will Come Down, It’s Just a Matter of Time
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power […]
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Lapeer MI, Homes For Sale | Where Are Interest Rates Headed?
Lapeer MI, Homes For Sale | Where Are Interest Rates Headed? Team Success Listing LLC At a local level in Lapeer Michigan, buyer confidence remains strong with some changes that varies on the price level and type of homes they are looking for. Particularly in and around Lapeer 48446. The addition of new stores […]
Lapeer Homes For Sale | Rising Interest Rates Have Not Dampened Demand
Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real estate agents across the […]