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What You Should Know About Rising Mortgage Rates

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What You Should Know About Rising Mortgage Rates Simplifying The MarketAfter steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
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The Two Big Issues the Housing Market’s Facing Right Now

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The Two Big Issues the Housing Market’s Facing Right Now Simplifying The MarketThe biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
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The Top Reasons for Selling Your House

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The Top Reasons for Selling Your House Simplifying The MarketMany of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.
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The 3 Factors That Affect Home Affordability

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The 3 Factors That Affect Home Affordability Simplifying The MarketIf you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:
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