The Hispanic American community is emerging as one of the largest segments among the American home buyers.  According to Freddie Mac, the Hispanic American homebuyer segment has increased by 25% in the last decade. These up and coming home buyer may represent an estimated 56% of all new homeowners by 2030. This Hispanic mortgage borrower demographic is […]

The average 30-year fixed-rate mortgage (FRM) at the end of the second week of December increased by one basis point to 6.42% and the total mortgage activity increased by  3.2% from the previous week, as per the Mortgage Bankers Association’s (MBA) survey. In addition to the above, the Market Composite Index, which is a measure of the

Mortgage rates have spiked from last year’s lows. However, if buying a house has been on your mind, now is a good time. If the rates increase next year, you stand to gain on having purchased at a lower rate. And if the rates fall, you can always refinance it. If the mortgage payment is

For many prospective home buyers, the high interest rates in early 2022 made houses out of their reach. However, the home prices witnessed a slide in the latter half of the year. This meant more leverage for buyers with falling interest rates. Here is our forecast on 2023 trends. Will the housing market get better

At the start of the year, homebuyers were feeling optimistic due to declining mortgage rates, which signaled greater affordability. This resulted in a 28% increase in mortgage applications in mid-January. However, this trend was short-lived, as rates rose to 6.65%, the highest level since early November. As a result, there was a 6% decrease in

For retirees, especially individuals aged 62 and above, managing expenses can be a daunting task. With increased costs such as medical needs with little to no inflow of funds, it is crucial to have an emergency fund to tide over financial exigencies. Fortunately, seniors have various options available to improve their cash flow, one of

The housing market displays some interesting correlation, specifically the relationship between mortgage rates and home prices. According to some recent data, a 1% decrease in mortgage rates has the same impact on affordability as an 11% decrease in home prices. However, it is more likely that mortgage rates will decrease by 1% than home prices

If you’re not quite ready to buy your first home, don’t worry! You can still take steps to prepare yourself for the process. Being well-prepared for your first home purchase gives you a vantage point to get the best deal possible. Here are three actions you can take while renting to put yourself in a

Over the last few years, home prices saw an unprecedented spike. The value gains in real estate during the period even surpassed those after the subprime mortgage crisis in 2008. The market’s been hot to say the least and beyond the reach of the average home buyer. The prices have begun to stabilize from the

The year 2022 was an unprecedented year for mortgage rates, with rates doubling in a calendar year. While higher mortgage rates do not always correspond with lower home prices, 2022 saw a shift from a seller’s to a buyer’s market. The rise in mortgage rates led to a housing market top, which dampened home buyer