Jan 10, 2023 | Real Estate, Real Estate Finance
By Lisa Marie Conklin Jan 10, 2023 (Getty Images) Many homebuyers today are losing sleep over steeply rising interest rates, which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the mid-6 % range,...
Jan 6, 2023 | Real Estate, Real Estate Finance
By Daniel Bortz Dec 5, 2022 (Getty Images) An interest-only mortgage is a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only...
Jan 4, 2023 | Real Estate, Real Estate News, Trends
By Clare Trapasso Jan 4, 2023 (Realtor.com / Getty Images) Q: Is 2023 the year to finally buy a home? That depends. There are some signs indicating that it might be getting easier for many folks to buy a home. Inventory levels are still low, but there are...
Dec 30, 2022 | Real Estate, Real Estate Finance
By Audrey Ference Nov 28, 2022 (pawel.gaul/iStock) The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the...
Dec 28, 2022 | Real Estate, Real Estate News
By Meera Pal Dec 27, 2022 (Getty Images) Many renters crave the extra bedrooms, laundry facility, and backyard big enough for a pair of swings and a slide that single-family houses provide. But they’re facing a for-sale market with still-high housing...