Rates Double, Inflation Hits 40-Year High
Looking back a year ago from the current time, home borrowing costs were at historic lows with the 30-year fixed rate mortgage at 2.80% while inflation was still low. Fast-forward to the current environment [...]
Housing Recession? What’s Happening & How To Prepare
Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 [...]
What Materials Can You Use for an Accent Wall?
An accent wall is an excellent way to bring attention to an otherwise plain area. You can blend texture and color to completely transform the space. Although paint is a common and inexpensive choice [...]
Mortgage News Weekly 8/29/22
In this Issue… A Look Into the Markets Mortgage Market Guide Candlestick Chart Economic Calendar for the Week of August 29, 2022 A Look Into the Markets August has not been kind to bonds [...]
Once You Apply for a Home Loan, What Should You Avoid Doing?
What Should You Avoid After Applying for a Home Loan? When you apply for a home loan, you don't want to jeopardize your chances of closing on the home of your dreams. Making any [...]
Normalization in Home Price Gains
"Purchase demand continues to tumble as the cumulative impact of higher rates, elevated home prices, increased recession risk, and declining consumer confidence takes a toll on homebuyers," said Sam Khater, Freddie Mac's Chief Economist. [...]