What's on the Horizon for the Housing Market in the Second Half of 2022? According to expert forecasts, home prices will continue rising. 2022 Home Price Forecasts show an average of 9%. And mortgage rates are projected to rise too. “While some additional Fed tightening is already baked … [Read more...]
Why Rising Mortgage Rates Push Buyers off the Fence
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are … [Read more...]
How Today’s Mortgage Rates Impact Your Home Purchase
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home … [Read more...]
2022 Housing Market Forecast [INFOGRAPHIC]
![2022 Housing Market Forecast [INFOGRAPHIC]](https://tamisavage.com/realtor/wp-content/uploads/2022/05/2022-05-06-Blog-300x169.png)
Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing … [Read more...]
How Homeownership Can Help Shield You from Inflation
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases … [Read more...]
What are experts saying about today’s mortgage rates?
"Mortgage rates jumped much quicker and much higher than even the most aggressive forecasts called for at the end of last year, …" Ali Wolf, Chief Economist, Zonda "For the first time in more than a decade, the 30-year fixed mortgage rate hit 5 percent." Kathy Orton, a report with The Washington … [Read more...]
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