Article by: Simplifying the Market™Originally Published: March 30, 2018, 10:00 am Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. […]
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!
Article by: Simplifying the Market™Originally Published: March 28, 2018, 10:00 amInterest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even […]
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
Article by: Simplifying the Market™Originally Published: March 22, 2018, 10:00 amRecently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase […]
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