love where you live
We all have a dream home tucked away in the back of our minds. Some of us may live in that home, while others have the goal of finding theirs, but for now it’s a goal.
Are you sure you’re ready to buy?
Pre-Approval in 2023: What You Need To Know
One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you.
Where are interest rates headed?
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. Sam Khater, Chief Economist at Freddie Mac, shares:
