Remove Banks Remove Fixed-rate mortgage Remove Mortgages Remove Short sale
article thumbnail

With Mortgage Rates Rising, Is an Adjustable Rate Right for You?

Lighter Side of Real Estate

You’re probably well aware that mortgage rates are rising. So you might be searching for a way to maintain the buying power you had when rates were a little lower, or just a competitive edge so you can offer a little more for the houses you bid on. The truth is, an adjustable rate mortgage can lead to trouble.

Mortgages 139
article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

article thumbnail

Should You Buy a House During a Recession?

Rent, Buy & Sell

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. Paying your mortgage and riding out the downturn is just as important as finding a low-priced home.

article thumbnail

What Happens to My Mortgage if the Housing Market Crashes?

Marco Santarelli

People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble. Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. But is the housing market truly in a bubble?

article thumbnail

5 predictions for the 2022 housing market

Housing Wire

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans.

Marketing 545
article thumbnail

Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. 5 in ultra-prime ($25M+) sales in the world, according to the 2023 Knight Frank Wealth Report. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5%

Sales 93