by Jhon Quintero | Oct 1, 2024 | Affordability, Buyers, Home Prices, Mortgage Rates
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below): As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has...
by Jhon Quintero | Sep 16, 2024 | Buyers, Buying Tips, Inventory, Mortgage Rates
A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around...
by Jhon Quintero | Aug 26, 2024 | Affordability, Mortgage Rates
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen...
by Jhon Quintero | Aug 19, 2024 | For Buyers, Mortgage Rates, Sellers
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning....
by Jhon Quintero | Aug 16, 2024 | For Buyers, Infographic, Mortgage Rates
Some Highlights The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage...
by Jhon Quintero | Jun 18, 2024 | Buying Tips, Economy, Mortgage Rates
Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound...
