Understanding Buying Power with Rising Mortgage Rates
In the real estate market, prices fluctuate – and mortgage rates are no different. While mortgage rates are currently lower than they were last year, many experts agree that rates might hover near 5% throughout 2019*.
And while these rates are easier to manage, it’s always key to stay educated on the programs available to buyers.
Follow these simple tips to help put money towards the mortgage down payment:
- Transfer a fixed amount into a special savings every month
- Pay off high interest rate credit cards
- Lower miscellaneous expenses
With a homebuyer’s potential buying power, it’s also important to stay up-to-date with the various loan assistance programs that can help your client. When your client is ready to purchase a home, call your local Alliance Title representative for your title and escrow services!
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