Friday, November 25, 2022

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC]

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC] | Simplifying The Market

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move.
  • Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of.
  • Let’s connect today to discuss all that homeownership has to offer.
Content previously posted on Keeping Current Matters

* This article was originally published here

Thank You for Your Support

Thank You for Your Support | Simplifying The Market

Thank You for Your Support | Simplifying The Market

Content previously posted on Keeping Current Matters

* This article was originally published here

Wednesday, November 23, 2022

Two Shipping Containers Form a Cozy Live/Work Cabin in Poland

Two Shipping Containers Form a Cozy Live/Work Cabin in Poland
The prefab design by Wiercinski Studio looks right at home tucked into its lush surrounds, but it was born to roam. In a community garden near Szelagowski Park in Poznan, Poland, architect Adam Wiercinski of Wiercinski Studio installed a shipping container home in a matter of a day. Portable Cabin, …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

Monday, November 21, 2022

Mortgage Rates Will Come Down, It’s Just a Matter of Time

Mortgage Rates Will Come Down, It’s Just a Matter of Time | Simplifying The Market

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year.

Inflation Is the Enemy of Long-Term Interest Rates

As long as inflation is high, we’ll see higher mortgage rates. Over the past couple of weeks, we’ve seen indications that inflation may be cooling, giving us a glimpse into what may happen in the future. The mortgage market is eagerly awaiting positive news on inflation. As Ali Wolf, Chief Economist at Zonda, says:

The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy. . . . we are watching for any additional stability in the MBS market, signs of cooling inflation, and/or less aggressive Federal Reserve action to give us confidence that mortgage rates are past their peak.”

What Does This Mean for the Future of Mortgage Rates?

As we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow. We’ve seen nods of this over the past couple of weeks. As the Federal Reserve works to bring inflation down, mortgage rates will come down as well. Bill McBride from Calculated Risk says:

My current view is inflation will ease quicker than the Fed currently expects.”

As we look toward next year, we certainly hope he’s right.

Bottom Line

Mortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country.

Content previously posted on Keeping Current Matters

* This article was originally published here