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Purchasing of refinancing a home can be pretty intimidating. The Mortgage Dad is here to help. Check out these great articles written by our team to help you navigate the mortgage labyrinth with ease. And be sure to check back often as we’ll add new helpful tips and advice on a regular basis. With The Mortgage Dad at your side, you've got this!

Why The Housing Market Won’t Crash In 2023

With all the buzz in the media, you may start to worry the housing market is in a bubble. While it’s only natural for concerns to creep in that there could be a repeat of what took place in 2008, the good news is there’s concrete data to show why this is nothing like the last time.

Waiting Until Rates Drop To Buy A Home? Here Are 5 Steps You Can Take To Prepare

2022 has been difficult for those trying to afford a home. At the beginning of the year, home prices began climbing but interest rates were near record lows, offering at least some relief for those trying to buy a home…but that’s no longer the case.

What’s Actually Happening With Home Prices Today?

One of the biggest questions people are asking right now is: what’s happening with home prices?

There are a lot of headlines about price appreciation, but at the same time we are seeing some sellers are reducing the price of their homes. So what’s really going on?

How To Beat High Rates With A 2-1 Buydown

As we enter the last few months of 2022, we’re starting to see the housing market transition into a more balanced market, pulling some of the leverage from sellers and giving power back to buyers. This is great news for you if you have been struggling to find a home in your price range, because it means sellers are now more willing to give some concessions to facilitate the sale of their home.

Home Sales Are Slowing, But The Housing Market Remains On Solid Ground

Just a few months ago, the housing market was surging: home prices were up, rates were down, and demand was out of control.

We’re now starting to see a different story unfold. In July, existing home sales fell for the sixth month in a row, with numbers down 5.9% month over month and 20% compared to July 2021.

Renting vs. Buying In 2022: Which Option Makes The Most Sense For You?

If you rent your apartment or house, you know that rent has been rising across the country at staggering rates.

The average rent in the U.S. was $1,717 in July, according to the National Multifamily Report from real estate information company Yardi Matrix. That’s a 12.6% increase compared to July 2021.

Why We Are NOT Heading For A Foreclosure Crisis

In March 2020, at the start of the COVID-19 pandemic, millions of Americans were either laid off or furloughed from work. Unemployment skyrocketed and Congress launched a series of programs allowing Americans to enter into mortgage forbearance and pause their mortgage payments for up to 18 months.

The Fed Just Raised Rates Again…So Why Are Mortgage Rates Dropping?

The Federal Reserve announced a 75-point interest rate hike on Wednesday. So why have mortgage rates have been falling ever since?

Around the same time as the rate increase announcement came out, new data showed the average 30-year fixed mortgage rate made a big move in the opposite direction. As of today (July 29), the average 30-year fixed rate is 5.57%, which is 27 points lower than last week according to Bankrate.

What Does A Recession Mean For The Housing Market?

As rising interest rates and inflation are decreasing the demand for homes, fears of a coming recession are on the rise. Prospective buyers may be wondering what it all means for their dreams of owning a home.

Here’s How Much You Could Save With An Adjustable-Rate Mortgage Today

Ready to buy a home but worried about high interest rates? You might want to consider an adjustable-rate mortgage.

Adjustable-rate mortgages (ARMs) haven’t been much in demand in recent years because rates on predictable, fixed-rate mortgages remained low. They also earned a bad reputation in the financial crisis, when underqualified borrowers lured in by low interest rates were unable to keep up payments when they rose.

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