Buying a home is an exciting milestone, but it can also be overwhelming—especially when it comes to figuring out your budget. Knowing how much you can afford ensures that you make a smart financial decision, one that aligns with your long-term goals. If you’re ready to begin your homebuying journey but aren’t sure how to…
Inflation can have a significant impact on mortgage rates. When inflation rises, the purchasing power of a currency decreases, leading to higher prices for goods and services. As a result, lenders may increase interest rates to compensate for the loss in value of the money they will receive over the life of the loan. Here’s…
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a buy a home? Here’s what you need to know. Inflation and the Housing Market While the…