How are military families managing in the current housing market?

VA Loan | Military Family | mortgage rate news

Why is the current housing market tougher on military families?

Most military families have to move whenever the service member gets a new assignment. Moving around is just a small part of the sacrifice that brave men and women of the armed forces have to make to defend our freedoms. This housing market is even tougher on military families because it’s not nearly as easy to get into or out of a home should a family have to pack up.

The Defense Department covers only 14 days of temporary lodging expenses for service members that get a permanent change of station order. Rising rents also haven’t helped the situation as housing allowances don’t go as far as they used to in the current market.

Any former or current service member in need of help affording a home should look into a VA loan through Guaranteed Rate. Our team of dedicated experts can provide the assistance you need to get the veteran’s benefits you deserve.

Can utility-based NFTs solve real-world problems for real estate?

In February of 2022, Leslia Alessandra sold a home in Gulfport, FL. What’s unique about her home sale is that it was the first known real estate transaction to be sold as a non-fungible token (NFT) in the United States.

NFT’s are capable of streamlining payment and contract processes. It’s possible to mint tokens specific to real world properties, and use those to buy and sell real estate. While NFTs currently lack regulatory clarity, they may provide potential benefit and real-world applications for blockchain technology. The XRP ledger, in particular, was designed with similar use cases in mind, and has already started in countries like Portugal.

Could NFTs for real estate be a reality? While there are still hurdles to clear, non-fungible tokens may be the future of real estate transactions.

Has the mortgage market moved this week?

As of the close of the market on Wednesday, the national average for a 30-year, fixed-rate mortgage was still in the 6.6%-range. Jobless data and the FOMC meeting minutes were both released and helped the stock market edge higher, but the mortgage market didn’t see nearly the same level of excitement. It’s like we’re on pause until inflation data is released and the Fed meets again in December.

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  4. A bank statement
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