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Found 3 entries about Mortgage Information.

To buy a house or rent, that is the question?

The market has made it challenging for home buyers, who must balance little inventory and a lot of competition. And to make matters worse, rising interest rates are here to stay. While home mortgage interest rates have increased to the high 4% range, this would be the time to really ask yourself what is the better option... buy or rent? I get it, it's a tough market right now, it may be nerve-wracking to deal with putting an offer on that home you have dreamt about and very likely deal with buyer’s fatigue and end up paying more a month because of the current rates. However, investing in real estate may be more beneficial than you know in the long run.

 

You can say Yahoo! News  explains it

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The mortgage rate trap is making the housing market worse

Within the last couple of years, mortgage rates have been historically low. At the start of 2022 we were seeing signs of mortgage rates starting to climb, and with inflation, there is even more promise that mortgage rates won’t get better any time soon.  One big factor that helped numerous homeowners save money is ultimately hurting homebuyers. Yahoo! News is calling it the interest rate trap. No earlier than January of 2022 I blogged about how mortgage rates were on the rise, The U.S. Mortgage Rates Hit The Highest Level in Two Years explaining how the rate on your mortgage can make a huge difference in how much home you can afford and what the size of your monthly payments will be

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Home equity, what to know if you’re tempted to borrow from that

Your home is your greatest investment, and with record increases in home prices, it results in pushing up the amount of equity you have in your home. Homes have skyrocketed within the last few years, but what does that mean to someone who doesn't plan on selling? Have you just sat there and wondered what that means to you, someone who knows that their home has gone up in value, but doesn’t know what to do with that information? After all, if you don’t plan on selling, what does it matter to you if homes have gone up in value? That’s a valid point. However, there is something called home equity. In fact, a lot of homeowners don’t know or even consider it. But, according to CNBC an

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