![The Impact of Changing Mortgage Rates [INFOGRAPHIC]](https://www.skymaxrealty.com/wp-content/uploads/sites/29/2023/05/19-may.png)
by Skymax Realty | May 19, 2023 | Buyers, Infographic, Interest Rates
Some Highlights If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power. These charts show how rates generally affect your monthly payment. The best way to navigate changing mortgage rates and make...
by Skymax Realty | May 10, 2023 | Housing Market Updates, Interest Rates
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know....
by Skymax Realty | May 2, 2023 | Housing Market Updates, Interest Rates, Pricing
Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession,...
by Skymax Realty | Apr 25, 2023 | Buyers, Housing Market Updates, Interest Rates, Pricing, Seller
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is...
by Skymax Realty | Apr 3, 2023 | Buyers, Buying Myths, Interest Rates
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...
by Skymax Realty | Feb 21, 2023 | Buyer & Seller, Housing Market Updates, Interest Rates
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked...
