With mortgage interest rates at historical lows in recent months, homes are flying off the market and millions of Americans are becoming first-time homeowners. For most, their home will be the most.
Out-of-luck homebuyers who had hoped housing prices would finally drop in 2022 will be only partially satisfied in the coming year. It's almost universally accepted that the market will cool, but not.
The wild and red-hot housing market of the past couple years has continued to soar. While the median home price was $312,728 at the start of December, the housing site Zillow predicts that by the end.
It's easy to get intimidated when trying to buy a house during this hot housing market. You may have saved for the down payment and were ready to buy only to lose out in a bidding war or have.
You work hard every month to make your mortgage payment. But is your mortgage working for you? It just might be time to consider refinancing. Refinancing means you're swapping your existing mortgage.