Morty has announced the latest expansion of its marketplace as it continues to meet the affordability needs of today’s homebuyers. Morty’s marketplace now offers FHA loans, providing customers with access to more flexible down payment and credit score requirements. This expansion reflects the evolving needs of homebuyers and advances Morty’s mission to be a single point of … [Read more...] about Affordability first: FHA loans now available
You may have heard that the Federal Reserve raised the federal funds rate by .75% on Wednesday. This rate controls how expensive it is for banks to borrow and lend from each other – which influences how much it costs for most consumers to borrow money, too. What does this news mean for mortgage rates and your homebuying journey? Here’s what you should know about the … [Read more...] about The Fed’s latest rate hike: here’s what homebuyers need to know
Seasons change, but do they change the market, too? Whether it’s the end of a lease or the start of a new job, there are often deadlines driving the home search. But regardless of what’s on the calendar, buyers almost always want to know about seasonality and whether it’s the “right” time of the year to buy. We typically see activity drop slightly this time of year … [Read more...] about Does homebuying have ‘seasons?’
Prices still projected to rise – but stable for now Recent real estate headlines might look a little bleak, with descriptions like “plunging” home prices and a “slumping” market. But are they really? Let’s start with the market: Yes, it’s cooling slightly, but no – it’s not as extreme as some might suggest. We have to remember that the frenzied market of the past two … [Read more...] about Are home prices *really* falling?
What does affordability look like to you? A list of the “Top 10 Affordable Cities for Middle-Class Homebuyers” certainly sounds promising for buyers chasing affordability – but what does that actually mean? Affordability differs from market to market, and the homebuying equation is still complex. Factors like rising rents, high inflation and economic uncertainty are still … [Read more...] about Affordable homes in 2022? Yes – in these markets