Monday, October 17, 2022 / by Todd Mowry
We all dream about having our own home and not be compelled to
live in a rental. However if you’re just like most of today’s renters, you
most likely feel trapped in an apartment or condo that just doesn’t feel
comfortable and like your home.
How could you feel at home in a place where you’re not even allowed to paint a wall or change a fixture to one you like better ? Don’t you feel stuck in a rut with literally no chance of getting out ? Well, you
shouldn’t. Believe it or not, there are ways to move out of a rental and
into your own home.
6 NOT-SO-COMMON FACTS THAT MIGHT HELP YOU BECOME A FIRST-TIME HOME OWNER
Most renters don’t fear that they won’t be able to pay a monthly
mortgage. You’re already paying rent, so that ship has already sailed.
The real problem is that people don’t have enough capital to cover a
down-payment. Believe it or not, saving up and or getting a down payment is not
that difficult ...
Thursday, January 6, 2022 / by Todd Mowry
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1
However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak.
So what’s ahead for the U.S. housing market in 2022? Here’s where industry experts predict the market is headed in the coming year.
MORTGAGE RATES WILL CREEP UP
Most economists expect to see mortgage rates gradually rise this year after hitting record lows in late 2020 and early 2021.3
Freddie Mac forecasts the 30-year fixed-rate mortgage will average 3.5% in 2022, up from around 3% in 2021.4
The Mortgage Bank ...