It’s October 2022, and the housing reports for the 3rd quarter of 2022 are out. It is no surprise that the housing market has been cooling down over the past few months. What is a bit of a shock is just how drastic the change has been in some areas of the country. Real Estate… Continue Reading
The Federal Reserve announced last week that it will again raise rates by three-quarters of a point in an effort to combat the highest level of inflation seen in the United States in decades. While the Fed does not control mortgage rates directly, this decision will undoubtedly influence the current mortgage rates available today. First-time… Continue Reading
When you buy a house, most people expect to pay back the amount borrowed plus interest. But, did you know that a mortgage payment is made up of more than just principal and interest? In some cases, a mortgage payment may have five or six different parts to them. For the first-time homebuyer this can… Continue Reading