As mortgage interest rates rise, much less competition is giving first time homebuyers a better chance to have their offers accepted.  Having a step-by-step guide will definitely making the process of buying your first home feel like a breeze.  Ready to buy (or maybe getting ready to buy)? Step one – Find a mortgage broker: Locating

As mortgage rates are hitting a 21-year high there are signs of the housing market cooling down.  Many experts predict that home prices will slump over the next few months, reaching a low around January. If you are in the market to purchase a home, there are currently many advantages in the current market, such

Headlines have been focusing on the average 30-year interest rate topping 6% which was at this same level 14 years ago. Many are comparing the current housing market and the economy to 2008. Back then, the 6% was a good thing—it was a drop from the 7%, and, combined with dropping home prices, made purchasing

Many have held off on getting a mortgage this week as the 30-year fixed mortgage rate has increased to 6.02%. The spike in rates is expected to slow down, but like all predictions made in the past, it’s equally as likely to head into a year-long era of 6-8%. Buyers will experience higher mortgage payments

  The average 30-year mortgage fixed rate was 4.99% in the end of July, making this week’s average 30-year mortgage fixed rate of 5.5% seems a big jump.  Based on Fed’s minutes released this week, the Fed will continue to increase rates until the rate of inflation is significantly eased.  This announcement created some jitters