The Fed said higher rates might be having a smaller effect on inflation because, in part, many homeowners locked in low mortgage rates during the pandemic.
Bankrate found that Florida buyers need to earn $114,771 to purchase a median-priced home. New construction can’t keep pace with the demand for affordable housing.
A VA official said the department will temporarily allow veteran buyers to directly compensate their agents. The comments were not an official announcement.
A swing in mortgage interest rates can translate into hundreds more per month and affect loan approvals. Use our graphic to help clients understand rate changes.