Purchase Power

You May Not Need as Much as You Think for Your Dow...

Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers ...
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Don’t Hold Your Breath for 3% Mortgage Rates

In 2022, the Federal Reserve attempted to curb inflation by taking action, causing mortgage rates to soar from the 2021 record lows and reach over 7% in October. This reduced hopeful buyers’ purchasing power and many chose to ...
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The Cost of Waiting for Mortgage Rates To Go Down

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when ...
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