The Three Factors Affecting Home Affordability Today

A large kitchen with wooden floors and white walls.

Kevin Brierton – 4.26.2023 There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of…

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How Changing Mortgage Rates Can Affect You

A calculator sitting on top of a notebook.

Kevin Brierton – 4.3.2023 The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps…

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