As we head into the holiday season, the housing market is starting to show some exciting opportunities for homebuyers! Let’s take a look at the latest trends shaping the market… 🏠Mortgage Rates Stabilize at Elevated LevelsThe average 30-year…
With mortgage rates stabilizing and positive signals from the Fed, is now the time to act? Let’s talk about it. 📉 Mortgage Rates Starting to FallMortgage rates are finally moving in a favorable direction for buyers. Rates have fallen…
Is interest rate stability in sight? Summer is here and the housing market is heating up! Let’s dive into the latest trends:Â Is Interest Rate Stability in Sight? Over the past few weeks, 30-year fixed rates have fluctuated between…
Purchase outlooks are improving Happy to report some good news for consumers — last month we started to see signs of inflation easing, and this week mortgage interest rates are down for the second week in a row. So…
Homebuying season is here March marked the beginning of Spring which means… homebuying season is here! The real estate market continues to be abuzz with questions about rate cuts — will they happen and if so, when? -Robert Heck,…
Springing into the market Some good news for homebuyers as we head into spring: interest rates have been improving, housing supply has increased, and average home price growth has slowed. Although home inventory still remains tighter than it was…
The missing summer market While mortgage rates continue to linger around 7%, where they’ve been for a few months now, home prices actually rose year-over-year in the most recent data from July. The uptick was lower than averages over…
The dog days of the summer market As September rapidly approaches, experts are weighing in on what homebuyers can expect from the fall market, especially as mortgage rate benchmarks hit their highest levels in over 20 years. Will things…
A comprehensive guide on how self-employed individuals can secure home financing. Get practical tips to make your dream home a reality.
Getting ahead of the market Today we’re featuring insights and tips to help buyers prepare to enter the market, whether that day is coming soon, or further down the line. Last week the Federal Reserve raised rates by .25% again,…
Rates were volatile this week as the market adjusted to a range of mixed signals. The 1-2 punch of a lower Fed interest rate hike and strong jobs data sent rates back up this week, following a month of…
The new Community Affordable Loan Solution, Bank of America’s “no-down” mortgage program, is only one of a growing number of no- and low-down payment mortgage options.
Three simple steps for first-time homebuyers to follow, especially in a competitive market
If you are looking to restart your search for a home, it can be tempting to jump straight into getting a pre-approval. But you may want to spend some time sorting out your finances first, as it’ll give you a more realistic snapshot of what you can afford in a fast-changing market.
A rent-to-own property can provide another avenue to homeownership — but it’s not the right option for everyone. Learn the pros and cons of rent-to-own, and in what situations it could be an option worth exploring.
July 29, 2022. The new normal. We saw new data from the National Association of Realtors that purchase contracts dropped by 8.6% in June – the lowest since 2011. We also saw the Federal Reserve raise interest rates again in a continued effort to curb inflation.
Being a homebuyer in today’s challenging market is enough to inspire anyone to consider all sorts of financing alternatives on the journey toward buying a home. But in your mortgage search, you may have overlooked HomeReady. Never heard of…
Buying another property is a dream for many homeowners. Who wouldn’t want to own an additional home, or even earn income from it? But getting a mortgage for an investment property or second home is more complicated than getting…
In honor of Financial Literacy Month (and in service of Morty’s mission to make home financing solutions accessible to all), we’ve pulled together some articles that can help, no matter where you are in your homebuying journey. All about…
So, what is mortgage insurance — and how do you know if you must pay it? In this article, we’ll look at the definition of mortgage insurance and discuss two types of mortgage insurance: private mortgage insurance (PMI) and…