Believe it or not, this ride isn't as scary as it may seem!
The media is talking about escalating home prices, rising mortgage rates and past housing bubbles. Let me tell you what we're seeing from the trenches of home financing. I think you'll like it.
Price growth is slowing.
After a record run of frenetically rising home prices, gains are slowing down. Homeowners still have newfound equity in their homes, and moderated prices can help new buyers.
Mortgage rates remain in the "low" range.
After a couple of years with extraordinarily low mortgage rates, 2022 has seen some increases, yet rates are still well below long-term averages.
While the Federal Reserve Board may continue raising policy rates to cool inflation, mortgage rates have largely reflected the changes already. Even with the increases, home price gains and other advantages can make owning a home better deal than renting.
In all types of markets, the team at Emerald Home Loans remains committed to helping you make the most of your home financing.
Any time we can assist you or someone you know, please reach out!