HOME AFFORDABILITY

A shift in the housing market is expected next year. For the first time since the Great Recession, incomes might grow faster than home prices. This change could make buying a home a bit easier for some people. Mortgage rates are predicted to drop slightly, and home prices might not rise as much as t

Extending mortgage terms to 50 years might seem like a helpful solution for those struggling with high housing prices. On the surface, it appears beneficial: monthly payments decrease by approximately $119. However, the downside is significant: the total interest paid nearly doubles over time. This