In this week’s economic review, mortgage rates softened, existing home inventory improved and new home sales climbed, mostly due to softened pricing.
With mortgage rates still favorable, home prices rising and the number of existing homes on the market near record a record low, having sound financing is essential if you hope to purchase a home heading into the busiest homebuying season of the year. Here’s how a loan commitment gives you a head start against other buyers in the market.
Buying a home isn’t the right choice for everyone, but many renters self-exclude themselves from homeownership based on misconceptions they have about the home financing and homebuying process. If owning a home is a priority for you, don’t let these mortgage and homeownership myths discourage you from making it a reality.
Transitioning seasons incite many homeowners to take on change with home improvements and décor. As the weather slowly grows warmer, you’ll likely be looking for ways to transform your cozy winter home into a light and breezy respite for spring. Here are a few quick ways to do that.
In this week’s economic view, the Fed made moves on hiking interest rates for the second time in three months, home builders grew even more confident in the new home market, and job openings were in line with their 2-year trend. Mortgage rates continued their climb.
Happy St. Patrick’s Day! Today we’re seeing in shades of green; green homes, that is. Though green living seems expensive and time-consuming, you don’t have to install solar panels or starting growing your own produce to become an energy-conscious household. You can easily reduce your carbon footprint, while minimizing your utility bills with these ten cost-efficient and painless steps.
Credit scores are a huge part of the loan approval process. They not only determine your eligibility for home financing but can also determine what mortgage rate you will qualify for. But what if your credit score falls on the lower side of the spectrum?
When you think of home renovations, you’re likely dreaming of a kitchen remodel or new flooring. You’re not alone; interior home improvements and renovations are highly coveted but oftentimes, a home’s exterior is put on the backburner. Here are some relatively cheap DIY projects that can transform your curb appeal.
Buying a home is likely the biggest purchase you’ll make in your lifetime, so it makes sense that preparing to buy one takes a little longer than most other purchases. With that being said, there are several mistakes you should avoid if you hope to purchase a home in the next few months.
Think of all the tasks you no longer need to hire out. You don’t need a travel agent to book a vacation. You don’t need to hire a web developer to design a website. So in a DIY age with the world of real estate readily available at your keyboard, do you really need a real estate agent? Yes. Here’s why.