Young homebuyers are taking the adage “marry the house, date the rate” to heart, but that could set them up for potential problems in the future, a new report warns. Nearly two-thirds of millennial and Gen Z homebuyers said it was “important” or “extremely important” that they be able to refinance their homes in the […]
Young buyers’ risky refi gamble: A looming problem? Read More »
US mortgage rates dropped last week by the most since February, enticing homeowners to step up refinancing. The contract rate on a 30-year mortgage declined 10 basis points to 6.67% in the week ended Aug. 8, according to Mortgage Bankers Association data released Wednesday. The rate on a 15-year mortgage retreated below 6% for the
US 30-year mortgage rate declines by most since February Read More »
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes Are More Expensive It’s easy to assume a new build will cost
Are These Myths About Buying a Newly Built Home Holding You Back? Read More »