Interest Rates

May 10, 2023

The Impact of Inflation on Mortgage Rates

 




If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

Inflation and the Housing ...

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May 3, 2023

Buyer Activity Is Up Despite Higher Mortgage Rates




If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.

Data from the latest ShowingTime Showing Index, which is a measure of buyers ...

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April 28, 2023

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

 




Some Highlights

  • With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.
  • You can also work with a trusted lender to consider alternative financing options and search for down payment assistance ...
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April 26, 2023

The Three Factors Affecting Home Affordability Today




There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination ...

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April 6, 2023

Trying To Buy a Home? Hang in There.

 




We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you ...

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Feb. 28, 2023

What You Should Know About Rising Mortgage Rates

 

What You Should Know About Rising Mortgage Rates | MyKCM

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too ...

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Feb. 21, 2023

The Two Big Issues the Housing Market’s Facing Right Now

 

The Two Big Issues the Housing Market’s Facing Right Now | MyKCM

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of ...

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Jan. 31, 2023

Lower Mortgage Rates Are Bringing Buyers Back to the Market

 

Lower Mortgage Rates Are Bringing Buyers Back to the Market | MyKCM

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Now, however, rates are beginning to come down—and buyers are starting ...

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Jan. 24, 2023

The 3 Factors That Affect Home Affordability

 

The 3 Factors That Affect Home Affordability | MyKCM

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogicshares:

“. . . with ...

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Dec. 6, 2022

What’s Going on with Home Prices? Ask a Professional.

 

What’s Going on with Home Prices? Ask a Professional. | MyKCM

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on ...

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