A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. […]
How to Boost Your Credit Score: Advice for First-Time Home Buyers Getty Images If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In a nutshell, a credit score is a simplified calculation of your history of paying back debts and making regular payments on […]
What’s the First Step in Buying a Home? Your Answer Here monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Real estate agents agree that long before you peruse listings or check out […]
‘No One Wants To Catch a Falling Knife’: What To Expect in the Housing Market for the Rest of 2022 Design by Realtor.com / Getty Images (2) What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring […]
Must-Know Facts for the Self-Employed Homebuyer Getty Images You might have heard it’s more challenging to get a mortgage if you’re self-employed. And it is true that self-employed homebuyers do have to jump through a few more hoops than a W-2 employee. Namely, you’ll have to gather a bunch of paperwork to validate your income […]
Buyers May Have More Power Than They Realize Right Now—Here’s Why Getty Images Doom and gloom might be dominating real estate headlines these days, and many would-be homebuyers are feeling hopeless about their chances of getting a good deal in the wake of mortgage rate hikes, low housing inventory, and elevated home prices. There’s no […]
Homebuyers Are About To Suffer Another Devastating Blow: Interest Rates Climb Again Getty Images Rising mortgage interest rates have hit the housing market like a sucker punch—and they’re poised to deliver another bruising blow. Mortgage rates could climb even higher after the U.S. Federal Reserve announced on Wednesday that it was increasing its short-term interest […]
The Number of First-Time Homebuyers Hits Record Low, Survey Finds Getty Images Buying a home over the past year has been a bit like competing in “The Hunger Games.” First-time buyers faced off against investors and fellow purchasers wielding all-cash offers well over the asking price for a dwindling number of properties to choose from. […]
Mortgage Rates Just Hit a 20-Year High—and That’s Not the Scariest Part Design by Realtor.com / Getty Images (3) The housing market is a scary place these days. Ominous pronouncements are the norm: “The Fed will push until something breaks.” “Housing is in a free fall.” “It’s going to be brutal.” “This will end in […]
Yikes! Every Time Mortgage Rates Rise, Buyers Need To Make This Much More To Afford a Home Design by Realtor.com / Getty Images (4) For home shoppers who thought 2022 would be their year, a pervasive sinking feeling is taking hold. They’re realizing the monthly payment for a home they thought they could afford—perhaps just […]
