Factors That Affect Mortgage Affordability

Factors That Affect Mortgage Affordability

When it comes to buying a home, one of the most important questions is, “How much mortgage can I afford?” The amount you can afford depends on several factors. These factors include your income, existing debts, credit score, down payment, and interest rates. Understanding each of these factors will help you figure out how much … Read more

Housing Market Update: Mortgage Rates Drop Below 7%, Providing Much-Needed Relie f for Buyers

Housing Market Update: Mortgage Rates Drop Below 7%, Providing Much-Needed Relie f for Buyers

Despite pending home sales falling by 4.3% and new listings remaining flat, a recent dip in mortgage rates brings hope for potential homebuyers. This week’s softer-than-expected inflation report caused mortgage rates to dip below 7% for the first time in over five weeks, potentially offering relief in a tough housing market. Key Housing Market Trends … Read more