June 30, 2022. We’ve seen an increase in new construction loans recently as inventory remains at historic lows. But what happens if you were counting on 3% mortgage rates when they signed a contract over a year ago to purchase a home that still isn’t ready today?
June 24, 2022. Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.
June 16, 2022. Some mortgage rates crept above 6% this week, as the market reacted to higher-than-expected inflation data and sought to price in anticipated rate hikes coming out of this week’s Federal Reserve meeting.
June 9, 2022. Mortgage rates last week dropped for the third week in a row. So the big question on homebuyers’ minds: are we finally catching a break?
It depends on where you are in the homebuying process.
June 9, 2022. Even as mortgage rates have stabilized a bit over the past few weeks, home affordability has taken a major hit. Recent data from the National Association of Realtors shows a 29% drop year-over-year in affordability, driven by the double hit of rising mortgage rates and home price growth.
May 26, 2022. Adjustable-rate mortgages (ARMs) have made a surprising comeback as more homebuyers seek alternatives to 15- and 30-year fixed-rate mortgages.
May 6, 2022. Mortgage rates change quickly – and last week was no exception. Read what happened with the market, along with key takeaways from Wednesday’s Fed meeting and what it could mean for you in the long run.
April 22, 2022. Rising rates are still top of mind for many buyers, so I’ve taken another deep dive to help you find ways to remain competitive in the current market.
April 4, 2022. We’re talking about affordability, inflation and the spring housing. My priority is to share the info you need to know to make informed homebuying decisions.
March 25, 2022. I’ll share my take on what’s happening in homebuying. My goal is to cut through the noise and share takeaways to help you to make informed decisions.