Back in 1934, only about 10% of American households owned the homes they lived in. It was difficult for people to get approved for mortgages, so the vast majority of American households rented their homes. This led to Congress creating … Read More
In the U.S. alone, FHA mortgage rates are determined by the Federal Reserve and are driven mostly by market forces. When there is an increase in mortgage demand, the Fed can raise interest rates to keep inflation under control. Homeowners … Read More
As of 2022, you can expect to pay an average of over $350,000 for a home in the United States. As time goes on, the price of real estate may continue to increase. Unfortunately, this means that more people than … Read More
In today’s residential real estate industry, costs have continued to rise. Many areas have seen dramatic jumps in the cost of rentals, making purchasing an attractive option, despite the 20% jump in housing prices from February 2021 to February 2022. … Read More
The U.S. housing market has been notoriously difficult for the past few years. With house prices rising yearly, many potential homeowners have had to resort to years of waiting to save for a down payment or practicing patience as their … Read More
Did you know that in the first quarter of 2022 alone, over $800 billion in mortgages were lent out? Acquiring a home loan is a major component in purchasing the house you desire. If you’re struggling to get a conventional … Read More
Getting out of the rental market is one of the best ways to save money each month. With the median cost of rent coming to around $1,827, it’s no wonder many first-time homebuyers are starting their searches now. And with … Read More
In June of 2022, the average 30-year fixed loan increased to roughly 5.25 percent. While mortgage rates are performing well, how are FHA loan requirements being impacted by the housing market? The housing market is constantly changing, and if you … Read More
The traditional rule of thumb is to put a 20% down payment towards a house. But with the median starter home price in the U.S. at $313,000, saving that much can seem impossible. What if there was a way that … Read More
For many young people or others with limited resources in terms of down payment, credit history, or other limiting factors an often-overlooked program is the one-hundred percent loan program offered by the United States Department of Agriculture. What follows are … Read More