We are all paying more for pretty much everything. If you want to buy a house, mortgage rates are up over 70% in the last six months, and the S&P 500, the primary metric for the ‘stock market’, recently entered […]
Don’t Look Now But Mortgage Payments Are Up 24% Since December
Yes, inflation is biting into spending, but even with inflation (CPI) up 8.5% over the last year (as of the data released on April 12th), mortgage rates have risen from 3.31% in December to 5.13% this week, a 55% increase. […]
Housing – Buy? Refinance? Hurry? Wait?
The housing market continues to be one of the strongest parts of the economy amid the COVID-19 pandemic. Housing supply is at historic lows. New building permits and housing starts are increasing. Home prices are increasing. If you’re in the […]
Should You Hurry to Buy a House or Refinance with Mortgage Rates at Historic Lows?
Buy a house or not? Refinance your mortgage or not? Millions of American families are facing these questions right now. Right now, thanks in large part to the Federal Reserve, mortgage rates are at all-time lows AND will likely stay […]