Since the beginning of the year, mortgage rates have risen dramatically. Freddie Mac publishes its Primary Mortgage Market Survey every Thursday. The average 30-year fixed-rate mortgage has risen from 3.22%at the start of the year to 3.55% as of last week, according to the latest survey. This is significant since every increase in mortgage rates alters the amount a buyer can afford. See the table below for an example of how rising mortgage rates affect your spending power:

What Is the Best Way to Predict Mortgage Rates?
While it's impossible to predict where mortgage rates will go, looking at the 50-year history of the 10-year treasury yield and following its journey is a strong indicator of where they might go. Understanding the treasury yield's mechanics isn't as vital as recognizing that there's a link between how it swings and how mortgage rates fluctuate. The following graph depicts the relationship over the last 50 years:

This trend has persisted throughout the new year. T ...

Many experts predicted that the home price spike would decrease in the fourth quarter of 2021 after nearly two years of double-digit increases. However, according to CoreLogic's newest Home Price Insights Report, while prices may have plateaued, appreciation has not slowed. Year-over-year appreciation is depicted in the graph below for the year 2021. The data for December has yet to be released.


Over the last five months, appreciation has stayed stable at roughly 18%, as shown in the graph.
Furthermore, the latest S&P Case-Shiller Price Index and the FHFA Price Index both show a little decrease from the same period last year – although not to the predicted degree. They do, however, both point to ongoing high price growth across the country. According to the FHFA, double-digit appreciation was nevertheless seen in all nine regions of the country. According to the Case-Shiller 20-City Index, all 20 metros saw double-digit gains.

Why haven't we seen the more dramatic de ...

Many Generation Z (Gen Z) individuals are approaching adulthood and considering whether to rent or purchase a home. If you fall into this category, keep in mind that you're never too young to start thinking about homeownership. The earlier you begin preparing, the quicker you will be able to leave your rented home.
Here are a few reasons to consider buying a home this year as you begin your journey and plan your next move.
Why Does Gen Z Want To Become Homeowners?
According to realtor.com research, while the overwhelming majority of Gen Z has yet to enter the housing market, a sizable percentage plans to do so in the near future. According to the study, 72% of Gen Z would prefer to buy a home than rent for the long run. As George Ratiu, Realtor.com's Manager of Economic Research, puts it:
“With nearly three-quarters of those surveyed preferring to buy versus renting long-term, the housing industry should be prepared for millions of Gen Z buyers to bring a new wave of demand ...

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14 Belfry Lane, Hicksville, NY 11801 
Come check out this Beautiful Cape sitting in the Heart of Hicksville! LOCATION LOCATION LOCATION! This charming house features 5 bedrooms & 2 full bathrooms, Living room with a Skylight for that natural light keeping the house sunny & warm! Eat-in kit ...