Stay in the loop. Click here to subscribe to our bi-weekly newsletter. Plus, check out The Morty Report archives to catch up on previous editions. Read more of Robert's recent insights: In case you missed it The chart from Axios gives a clear visual depiction of the YoY change in affordability. Learn The ABC’s of ARMs: How Adjustable-Rate Mortgages … [Read more...] about The Morty Report: Affordability down 29%
affordability
The ABCs of ARMs: How Adjustable-Rate Mortgages Work
Adjustable-rate mortgages (ARMs) have surged in popularity, reaching their highest numbers since the Great Recession.Recent volatility in the housing market has made ARMs an attractive option for borrowers seeking low initial interest rates.While better regulated than they once were, ARMs still carry risk: Borrowers could wind up paying more than they would on a fixed-rate … [Read more...] about The ABCs of ARMs: How Adjustable-Rate Mortgages Work
The Morty Report Makes Sense of a Wild Week
What To Know Now Rates volatility persists on the heels of the Federal Reserve meeting on May 4.Inventory remains low, sustaining high prices and buyer demand.With inflation’s path still uncertain, the market’s trajectory remains difficult to predict.Want to know what you can afford? Find today’s rates here. Not sure what to do? Ask Robert!Submit your questions … [Read more...] about The Morty Report Makes Sense of a Wild Week
Financial Literacy Resource Roundup
Achieving financial literacy is an important goal for anyone who wants to take control of their finances and put themselves on a path to long-term financial wellness. And, it’s especially so for homebuyers in today’s market. “As rates have risen and inventory continues to be low, it’s important to consider your long-term financial goals and how long you want to live in a … [Read more...] about Financial Literacy Resource Roundup
The Morty Report: All Eyes on Affordability
What to know now Rates continued to bounce around this week, with some periods of improvement, but are ending the week slightly higher.Inventory remains low which keeps buyer demand high even as rates cut into affordability.Rate volatility persists, and the spring market remains largely unpredictable for homebuyers.Want to know what you can afford? Find today’s rates … [Read more...] about The Morty Report: All Eyes on Affordability
