A homebuying budget should account for more than the price of the home. When groceries, gas, insurance, utilities, and other household expenses take up more space in your monthly budget, it becomes even more important to understand what you can afford before you start shopping. The goal is not to reach the highest loan amount […]
How to Build a Homebuying Budget When Everyday Costs Are Rising Read More »
Does the Fed set mortgage rates? Not directly. The Federal Reserve influences short-term interest rates and broader financial conditions, but it does not set the mortgage rate a homebuyer receives from a lender. This can be confusing because Fed news often shows up in mortgage headlines. When the Fed keeps policy tighter, markets may expect
Does the Fed Set Mortgage Rates? What Homebuyers Should Know Read More »
Builder sentiment and homebuyers are more connected than many people realize. When builders feel confident about current sales, future sales, and buyer traffic, they may be more comfortable moving new projects forward. When confidence is lower, builders may slow down, adjust pricing, or be more cautious about how much inventory they bring to market. For
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Housing supply and homebuyer affordability are closely connected. When fewer homes are available, buyers may face more competition, limited choices, and continued price pressure. When inventory improves, buyers may have more room to compare homes, review payment options, and make decisions with less pressure. Recent housing reports continue to show a mixed picture. New residential
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Introduction Conventional wisdom often dictates that lower mortgage rates are always better for homebuyers. While this can be true in many cases, the current economic environment actually makes a compelling case for why higher rates might be beneficial for potential homebuyers. This blog post will explore three main points that shed light on this counterintuitive
3 Reasons Why Higher Rates Might Be Advantageous to Buyers Right Now Read More »
