When lawmakers can’t agree on a budget in time, a government shutdown can occur, forcing several parts of the government to “close their doors” until funding is restored. When a shutdown begins, Federal departments must furlough (temporarily lay off) nonessential employees and suspend many public services until a funding ... More
For years, the focus on home affordability has been dependent on two things: mortgage rates and home prices. Recently, a third factor has been quietly - but significantly - eating into monthly budgets: homeowners insurance. According to the Insurance Information Institute, the average annual homeowners insurance premium in the ... More
After the “wait and see” year the mortgage industry faced in 2024, many were expecting and hoping to see lowering rates and improved inventory in the new year. So far, however, 2025 can best be defined as “steady, but shifting”. Over the last several months, we’ve seen rates ease some from ... More
In the last few years the interest rate environment has been very uncertain, rates have fluctuated from historically low (during the pandemic) back to the more moderate rate environment that we currently sit in. Recent history has conditioned us feel that the current rate environment is unbearably high but if ... More
For many homeowners, the equity they’ve built up in their home can be used as a valuable financial asset. As property values increase and mortgage balances decrease, home equity grows as a valuable tool that can help unlock new opportunities. Whether you’re looking to renovate your home, consolidate ... More
Buying a home is the largest investment most of us make in our lifetimes, and choosing the right mortgage is one of the most important decisions homebuyers face. Two of the most common options are FHA loans and More
While we may not all jump for joy at the thought of living with our In-Laws, multigenerational living, where multiple generations of a family live together in one home, is experiencing a popularity boom in the United States. While this type of living arrangement has been common in other cultures ... More
As the year comes to an end, you may be beginning to think about your financial goals for the new year. As aspiring homeowners, saving for a ... More
