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Mortgage rates have been volatile lately. And if you’re thinking about buying a home, that can make it harder to plan.
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That kitchen you’ve been mentally redesigning...The bathroom that really needs a refresh...Or the outdoor space you keep saying you’ll get to someday...
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For the past few years, affordability has been what’s stopped a lot of buyers in their tracks. Maybe it stopped you, too.
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Buying your first home is exciting, but it can also be a little nerve-wrecking because it’s something you’ve never done before.
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You may have seen headlines on social saying the number of buyers backing out of their contracts is on the rise – and has recently reached a high not seen since 2017.
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Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash.
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Online searches for “can’t sell house” just hit an all-time high according to Google Trends.
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Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range.
