Higher Rates Mean Smaller Homes
Buyers need to search for cheaper homes, which typically translates to smaller ones.
Tagged: Interest Rates
Home Prices Decline, But Monthly Payments Soar
Black Knight finds home prices are on the decline, but soaring interest rates create record-breaking P&I payments.
Mortgage Applications Follow 1st Weekly Increase With Similar Decline
After rising nearly 4% the previous week, applications fell nearly 4% last week as interest rates rose.
How Long Will Rates Keep Climbing?
Rates dropped over the summer, but are spiking once again.
The Fed Raises Interest Rate 0.75% For The 3rd Time
Chairman said housing market may have to go through "a correction" to return to balance.
Fed Committee Gathers To Renew Inflation Fight
FOMC expected to announced 0.75% rate hike after 2-day meeting ends Wednesday.
Annual Inflation Dips Again In August, But High Prices Linger
Rose 0.1% from July, but dips to 8.3% annually — likely not enough to alter Fed plans for another rate hike.
Fed Expects To Continue Rate Hikes, But Worries It Could Go Too Far
July meeting minutes show another 50-basis-point rate hike is expected in September.
Helping Buyers Ease Into Loans
How you can leverage the market to lower the initial mortgage payments.