A new normal for the housing market There have been a few pieces of news driving conversation around the state of the housing market this week. We saw new data from the National Association of Realtors that purchase contracts dropped by 8.6% in June. We also saw the Federal Reserve raise interest rates again in a continued effort to curb inflation. Intense speculation … [Read more...] about The upside to higher rates
buying
Affordable homes in 2022? Yes – in these markets
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
National Homeownership Month: 5 tips for Homebuyers in a Competitive Market
Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. It can be a rite of passage into adulthood or preparation to start a family and continues to hold significant cultural weight. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions … [Read more...] about National Homeownership Month: 5 tips for Homebuyers in a Competitive Market
More Loan Options, In More Places
From day one, we’ve strived to give homebuyers a single point of access to the mortgage market. So we’re excited to share significant progress toward that vision with the expansion of Morty’s product offerings and coverage area! Homebuyers can now find jumbo loan options and loans for investment properties in our online marketplace. Additionally, Morty has expanded its … [Read more...] about More Loan Options, In More Places
The Morty Report: Welcome Aboard
What to know now Interest rates have gone up (some above 4.5%), but current rates are still relatively low compared to historical averages (6+% in the early 2000’s).Higher rates don’t necessarily mean it’s a bad time to buy.Because rates are still volatile, you might see a gap between the rates offered by different lenders, so shop around.Affordability is the key factor. If … [Read more...] about The Morty Report: Welcome Aboard
