What if you have more home buying options than you think?
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Hi Reader, If buying a home feels out of reach right now, it may not mean you need to give up, or even wait. It may mean you need to change the equation. Tomorrow night, I’m hosting a free Zoom: NYC & Beyond: New Paths to Homeownership I’ll be looking at two of the biggest shifts I’m seeing among buyers right now: Pooling resources: combining income, using family help, gifts, or rental income to increase buying power. Expanding the map: looking at markets where the same income and savings can buy significantly more. We’ll talk about the different levers you can pull, how changing the property, financing, resources, or location can completely change what’s possible, and how to think through which path actually makes sense for you. The goal isn’t to convince you to buy. It’s to make sure you understand your options before deciding that homeownership is out of reach. Add your email here: And I'll be sending out the direct Zoom link shortly. See you tomorrow. Happy Homeownering! Love, Nicole Here's info about me. If you want to be in touch more, you can find me on Instagram where I post at least once a week, and also Facebook, YouTube and LinkedIn. If you have any homeownership questions, just hit reply to this email and I'll be glad to help. nicole@homeownering.com (917)650-0167 NMLS #2354049 |
Hi Reader, The average 30-year fixed mortgage rate ended Friday at 7.48%, down from 7.57% the prior week, according to Mortgage News Daily. Freddie Mac's weekly average, which tends to lag daily rate movements, climbed to 7.40%, up from 7.28% the week before. So, a little relief in mortgage rates after a pretty punishing run-up. But what happened in the bond market last week informs us of why we shouldn't expect smooth sailing. The U.S. government is paying more to borrow money than it has in...
Hi Reader, The average 30-year fixed mortgage rate ended Friday at 7.57%, up from 7.43% the prior week, according to Mortgage News Daily. Freddie Mac’s weekly average jumped to 7.28%, up from 7.03% the week before. So, why are rates still moving up? The 10-year Treasury is doing the heavy lifting The 10-year Treasury, one of the most important benchmarks for mortgage rates, hit levels we haven’t seen in more than two decades last week. It climbed above 5.30%, briefly reaching 5.342% on...
Hi Reader, Mortgage rates have been doing their best impression of a horror movie protagonist running roughshod in a frantic pattern. Oh, the drama. The average top-tier 30-year fixed rate is 7.50% today, according to Mortgage News Daily, after touching 7.20% a week ago. Freddie Mac's weekly average moved up to 7.03% from 6.95% the prior week. So yes, rates are higher. But, does that mean that you missed the boat on homeownership? No. There are plenty of ways to alleviate the higher rates...