New Home Buyers Still Enter Market Despite Costs
Higher home prices and mortgage rates didn’t appear to deter first-time home buyers, who have emerged in greater numbers this spring. First-timers comprised 33% of home sales last month, up from 29% a year ago, NAR reports.
Consumer surveys are showing that aspiring first-time home buyers feel o
Lock In Now Or Wait And See?
Navigating the decision to lock in your mortgage rate now or wait for potential changes requires a balanced consideration of various factors. Here's a breakdown of why securing your rate now may be advantageous, alongside the reasons to adopt a wait-and-see approach, and some strategic options
Steady Purchases Amid Rate Hikes
Despite the daunting prospect of higher mortgage rates, purchase demand has managed to hold steady in the face of adversity. This resilience can be attributed to several factors:
FOMO (Fear of Missing Out): With home prices continuing to climb, many buyers are motivated by a sense of urgency
Gordon Hageman
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