If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. After years of being virtually nonexistent, more people again use ARMs when buying homes. Let’s explain why that’s happening and why this isn’t cause for concern.
Posts Tagged ‘home buyer’
For proof, look no further than the Realtor.com® June roundup of the Hottest Housing Markets. This month, the Hartford, CT, metropolitan area tops the list, followed by hottest markets stalwarts Manchester, NH, Concord, NH, Springfield, MA, Portland, ME, Worcester, MA, Norwich, CT, New Haven, CT, and Boston at #20.
If you want to buy a home, here are a few things you should consider before diving in. Home buying can be complex and often overwhelming, but with the right preparation, you can make the experience less stressful and more enjoyable. Here are some key tips to help you prepare for home buying:
In a recent post on Mortgage Daily News, Matthew Graham explains the hard-to-understand new fee structure by Fannie Mae and Freddie Mac. Graham writes, Seemingly overnight, the internet is awash with news regarding a “new,” unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone could intentionally lower their credit score to get a better deal.
It makes sense that so many homebuyers are millennials aged 26 to 41. That is when people typically start families and enter their prime earning years. So that demographic is when buying makes the most sense.
Karen and Helen describe the outlook for the Spring 2023 Boston Housing Market.
Cut through the online clutter and armchair quarterbacking of the real estate industry with these ten predictions from Windermere Real Estate Chief Economist Matthew Gardner. This article appeared in Inman, Hickman-Coen Home Team is a subscriber.