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Surging consumer prices are burdening many Americans, but surprisingly, now may still be a good time to buy a home. In other news, learn more about mortgage rate “spreads.”
Inflation and the housing market
While inflation may be hurting your wallet right now, buying a home in the current environment could help to inflation-proof your future. Inflation helps to increase the value of your home, which is probably your largest asset.
Why are mortgage rate “spreads” suddenly so wide?
Inflation and surging consumer prices have contributed to this year’s rise in mortgage rates. Rate “spreads,” the interval between 30-year mortgage rates and the 10-year Treasury yield, is another key factor.
First-time homebuyer programs roundup
Buying your first home can be daunting, but first-time homebuyer loans, grants, and programs are here to help.
What is a mortgage banker?
A mortgage banker decides whether to approve a borrower for a loan, and will originate, service, and sell the loan. Most mortgage bankers can only offer the products and rates set by their financial institution, so it’s important to shop around and compare offers.
How to find bank-owned properties
Bank-owned properties are properties for sale on the market that are owned by a bank rather than a homeowner. These properties can be a good fit for real estate investors, although they can be hard to find in today’s environment.
