Tag Archives: decide

As mortgage rates rise, how to decide whether to buy a home or rent

Tim Kitchen | The Image Bank | Getty Images It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the […]

Is it a good time to consider an ARM loan rather than a Fixed-rate Loan? You need to know the difference before you can decide.

Interest rates are certainly on the rise and from the looks of the current market, they are rising faster than we would like.  An adjustable-rate mortgage may make sense if you are trying to buy with the lowest possible rate without having to pay discount points. This product may keep you in the same purchase […]

How to decide if you should rent or buy a home

Sturti | E+ | Getty Images When it comes down to the numbers, it’s generally more affordable to own a home, but the gap in affordability is shrinking as interest rates rise, according to ATTOM, a real estate data tracker. Owning the median-priced home is more affordable than the average rent on a three-bedroom home […]