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 […]
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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
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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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