What’s Ahead For Mortgage Rates This Week – June 12, 2023
Last week’s scheduled economic news included results from Fannie Mae’s National Housing Survey and weekly readings on mortgage rates and jobless claims.
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The Most Common Dangerous Home Issues
Leaving home issues unchecked can cause significant damage to your property and if you’re planning to sell your home in the future, it’s important to ensure that it’s free of dangerous issues that could affect its value.
How Do You Make A Household Budget
Dealing with debt can be challenging but incorporating it into your budgeting strategy can help you regain control of your finances. Here are some steps you can take to effectively manage your debt while budgeting:
Buying Vs. Building a House
Buying a house is generally quicker and more convenient than building one. You can move in as soon as you close the deal, without having to wait for construction to be completed.
When Buying Land to Build a New Home, Don’t Forget These Important Factors
Buying land for a new home is a significant investment, so take your time, do your research, and make an informed decision. It’s essential to do your due diligence and research before buying land to build a new home. Here are some important things you shouldn’t forget:
S&P Case-Shiller Home Price Indices Show Mixed Readings in March
Homeowners took a “wait and see” position as mortgage rates rose and concerns over the economy persisted. Those who refinanced their mortgages to low rates during the pandemic weren’t looking to buy new homes or refinance at current mortgage rates near seven percent. Prospective homebuyers faced affordability challenges and concerns over buying at the top of their local real estate markets.
Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer
Crafting a counteroffer that doesn’t scare away a potential home buyer can be tricky. Here are five tips to help you navigate the negotiation process while keeping the buyer interested:
Mortgage Approval With An Unconventional Job – How Does It Work?
It’s also worth noting that the type of property you are seeking to purchase, as well as your credit history, debt-to-income ratio, and other financial factors, will all play a role in the lender’s decision. So while an unconventional job may not be a deal-breaker, it’s important to make sure your overall financial profile is strong before applying for a mortgage.
What’s Ahead For Mortgage Rates This Week – May 30, 2023
Homeowners weren’t in a hurry to sell their homes due to the low mortgage rates they obtained during the pandemic. Current mortgage rates are higher than pandemic-era rates, which influenced homeowners to stay in their homes and keep their lower existing mortgage rates.
Should You Help Your Kids Pay for Their Mortgage?
It’s important to evaluate your own financial situation before deciding whether to help your kids pay for their mortgage. Make sure that you can afford to provide financial assistance without jeopardizing your own financial security.