It’s hard to believe we’re already approaching 2022, yet here we are. The new year has a lot of people planning for what’s ahead financially. As part of that, you could be wondering if you’re going to have a chance to buy a home next year after 2021 left few opportunities.
If you’ve been thinking of refinancing lately, as many certainly have, it might be a good move to go ahead and make the move. Especially for those who have been on the fence over the past few months. The market has been relatively positive for interest rates as mortgage rates in general have been floating in a very tight range. If you’re thinking of refinancing, there are some risks of waiting.
When you’re applying for a mortgage, you shouldn’t underestimate the important role of including your assets. Making sure you list all your assets can affect the type of mortgage you get, as well as your interest rate.
You may hear the term starter home pretty frequently, but wonder as a buyer, what does that really mean?
When you’re buying a home for the first time, you have to not only understand what a starter home is for you but also whether it’s best to skip ahead and invest in your forever home.
Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease. As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as well as refinance activity."
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