Love Letters
If you have been watching mortgage rates lately, you may be wondering what is actually causing all of the movement. You hear about inflation, oil prices, the 10 year Treasury, the Federal Reserve and economic reports, sometimes all in the same week. Then the Fed announces a rate hike and it is easy to assume […]
A seller agrees to give you $10,000. Should you use it toward closing costs, lower your interest rate, or reduce the price of the home? The answer depends on what you need most. These options may sound similar, but they affect your money in different ways. Seller Credit A seller credit can pay certain buyer […]
I hear it all the time: “I want to buy, but I am waiting for interest rates to come down.” I understand. No one wants to feel like they paid more than they had to. Interest rates affect your monthly payment, your buying power, and the total cost of your mortgage. They matter. But waiting […]
