Are you thinking about buying a new home? Congratulations! Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions – including whether you want to buy a pre-owned home or one that has been built recently and is brand new. Let's take a quick look at some of the pros and cons of buying a new home versus buying pre-owned. New Homes Tend To Have Fewer Problems One of the major upsides … [Read more...]
Feeling Squeezed by Higher Rents? It Might Be Time to Consider Buying Your First Home
With the cost of rent going up across the board and becoming even less affordable in metropolitan centers, it's never been a better time to seriously consider home ownership. While the price of a home and all the associated costs can certainly seem like a tight squeeze after years of renting, here are some reasons you may want to consider giving up your rental and springing for a home instead. It's An Automatic Savings It's a sure bet that the money you spend on rent is going down the drain as … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 8, 2022
Last week’s economic reports included readings on construction spending, government reports on jobs, and the national unemployment rate. Weekly reports on mortgage rates and jobless claims were also released. Commerce Department Reports Construction Spending Rose in May The U.S. Commerce Department initially reported less construction spending in May but revised its reading of $1.780 trillion to show that spending rose by 0.10 percent in May to a seasonally adjusted annual rate of $1.782 … [Read more...]
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