Should You Buy Down Your Mortgage Interest Rate? | Pros and Cons
by Tom Bonetto When interest rates are high, some borrowers may choose to buy down their interest rate to lower monthly payments and make their mortgage more affordable. Buying down the interest rate means paying an extra upfront fee to get a lower rate and monthly payment. This is referred to as bu
What’s Really Happening with Mortgage Rates?
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: t
Why It’s More Affordable To Buy a Home This Year
Some Highlights1. Home affordability depends on three factors: mortgage rates, home prices, and wages.2. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual.3. That’s good news if you want to buy a home because
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