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Monthly Archives: May 2022

    Why Rising Mortgage Rates Push Buyers off the Fence

    By Michael Patterson | May 17, 2022

    If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to... Read More

    How Today’s Mortgage Rates Impact Your Home Purchase

    By Michael Patterson | May 9, 2022

    If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does... Read More

    Today’s Home Price Appreciation Is Great News for Existing Homeowners

    By Michael Patterson | May 2, 2022

    Today’s Home Price Appreciation Is Great News for Existing Homeowners If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available,... Read More