Making the Most of Rising Mortgage Rates
It’s no secret that high mortgage rates can be a source of concern for those in the market for a new home. They can pose challenges for prospective homebuyers, especially when property prices are on the rise. Additionally, these high rates have resulted in job losses within the mortgage industry and related sectors. While it’s true that investors…
The St. Louis housing market is hot, but there are some potential risks on the horizon.
Here are some of the factors to keep in mind:
Some of these factors are real and likely, while others are quite far-fetched.
Overbuilding and a flood of supply: If there is a sudden increase in the number of homes for sale in St. Louis, it could lead to a drop in real estate prices. This is because ther…
Factors Influencing Mortgage Rates for St. Louis Borrowers
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. If you’re a home buyer in St. Louis or anywhere in the US, you might be wondering why these rates are soaring. Prior to late July and early August, the popular loan product could be had for closer to 6.5%. Or even in the high 5% range, if paying…