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Before you apply for a mortgage loan, check your credit score, save for a down payment, and gather financial documents like W-2s and bank statements. Reducing current debts will help you qualify for a lower mortgage interest rate.
Sales of existing US home sales fell 1.7% in July after a rise in mortgage interest rates.
Serial mortgage refinancing can be expensive, wasteful & financially destructive. Every time you refinance your mortgage loan, you are adding additional debt.
The number of US homebuyers plunged to about 967,000 in July, the lowest level recorded since 2013. Although housing inventory is slowly increasing, there are about 34% fewer homebuyers than sellers.
The terms are just as important as the price in a real estate agreement.
A record 242 cities have starter homes valued at $1 million or more. The number of cities where a typical starter home is worth $1 million or more has almost tripled since before the pandemic.
