While stock futures started the day down, the bulls roared back later in the session hoping to extend the winning streak for a fifth week in a row. The good news for homebuyers, the 30-year fixed mortgage was down 5.25% from last week’s high of 5.35%.
Make this a week to keep your eye on rates and talk with your lender about the best time to lock in.
Home upgrades costing less?
Buying your first house is a big deal, both financially and emotionally. The good news is there are lots of resources and experts to help guide you along the homebuying journey. Feeling overwhelmed at first is natural, but the more you learn about the process, the more confident you will be making the important decisions along the way.
First-time homebuyers guide: The Why?
Before you decide to buy a new home, you’ll need to decide why you want to buy a new home. Like many steps in the mortgage process, this one requires a look in the mirror to determine your motives.
Do you see real estate as a good investment? Tired of dealing with landlords? Is your green thumb itching to put in a backyard garden? Want to feel like a part of community? All are good reasons to buy your first home.
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All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
John Kistner is Guaranteed Rate’s Market Analyst. Market Updates are designed to provide readers with a high-level yet insightful view of how economic news, events and trends affect mortgage rates and the homebuying process.