First time home buyers bumped up to 33% in November. I am hoping that first timers are starting to jump off the fence. I work with first timers all the time, and have amazing programs to help. Get in touch with me if I can help!
I have been getting lots of questions about the Fed raising their rate, and how that affects mortgage rates. The Fed rate, and mortgage rates that are available to you, do not have a direct correlation. Yes, sometimes when the Fed increases rates, mortgage rates also go up. And vice versa. I have had clients reach out to me and say 'our realtor says the Fed is going to raise rates 3 more times this year, and we better lock in a rate.' Their realtor needs to chat with someone