Rates

Updated guide: For our current, in-depth take, read Beyond Interest-Rate Panic: a capital-allocation guide. Over the last few weeks, mortgage interest rates have continuously climbed to the point of reaching the mid-7 % on average, where they currently are. It's crazy that we started in the higher 2% this year! The rapid increase in rates is something that we have seen once before, so let's look into...

Updated guide: For our current, in-depth take, read Beyond Interest-Rate Panic: a capital-allocation guide. If you are debating whether to purchase a home now or wait, maybe this information can be helpful to you.   The low-interest rates that we had during 2020 and 2021 were a strong effort from the government to keep the economy active. Low-interest rates incentivize spending because...

Updated guide: For our current, in-depth take, read Is the housing market really in crisis?. As talk of a recession starts to linger, buying or selling a home can be quite scary! However, a recession does not mean you should begin to worry by any means. Let's take a look at the facts.   The graphic above proves home prices have appreciated in 4 of the last six recessions. In reality, home...

Quick answer: First-time buyers succeed by getting financing-clear before they shop, buying on total monthly cost rather than list price, budgeting for closing and reserves, and choosing an agent who protects them through inspection and negotiation. Most first-purchase regret traces to skipping one of these, not to the market. Table of contentsWhy do first-time buyers stumble?Why is pre-approval the real...