- If you’re thinking about buying a home, be sure to plan for closing costs.
- Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.
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- From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.
Have you been saving up to buy a home this year?
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
Today’s mortgage rates are top-of-mind for many homebuyers right now.
You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more.
With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.