Financial Information
Is This the Calm Before the Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry.
Although the Federal Reserve hiked interest rates on Wednesday, mortgage rates veered in the opposite direction and tumbled. For the week ending March 23, the nationwide average for the popular 30-year fixed-rate mortgage was 6.42%, accordin...
Half the Homes, for 50% More Money: An Honest Look at Homebuyers’ New Reality
If you’re the type of homebuyer whose mood soars or plummets depending on the latest mortgage rates, then this week was a tough one. Mortgage interest rates climbed to 6.73% for a 30-year fixed-rate mortgage, for the week ending March 9, a...
6 Tax Benefits of Owning a Home: A Complete Guide for Filing This Year
You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result was likely a big change to your taxes, especially the tax perks of homeownership....
Housing Forecast for 2023
Housing Forecast for 2023
Mortgage rates will likely trend higher
“The job market strengthened in February with 379,000 net new job additions. More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day. Another 9.5 million jobs...
Instant Reaction: Mortgage Rates
Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. Over 95% of metro markets are experiencing price growth as buying power has gone up due to rates st...
Extraordinary times and Extraordinary movement
“The country is undergoing extraordinary times and extraordinary movement is happening in the jobs data. The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin, and comes on top of 2.7 milli...