Buying a home is a major milestone. Therefore, deciding on how you should pay for it will also have important long-term consequences. If you can buy your home in cash, you could avoid unnecessary debt. But, taking out a mortgage can also free up your cash to invest in other things. Let's take a look […] The post Should You Buy a House in Cash or Get a Mortgage? appeared first on SmartReads by SmartAsset.
A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. Hint: It's above 5%. A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. According to the survey, homeowners with a mortgage rate above 5% are almost twice as likely to say they plan on selling their home in the next three years than those paying a rate below 5%. As the Fed continues to raise the federal funds rate i
These are today's mortgage and refinance rates. Rates have been volatile in recent weeks and are relatively high, but they may start coming down later in 2023.