📍 Government-Backed Loans Are Changing – Will You Still Qualify? If you’re planning to use an FHA or VA loan, be aware—new regulations could change who qualifies and how much you’ll pay. 🏦 What’s Changing? 🔹 Stricter loan qualifications—borrowers with low credit scores may see new limits.🔹 Funding fee adjustments—VA loans may become more expensive for some...
March 13, 2025
📍 Market Volatility and Fed Decisions Could Determine Housing Affordability This Year With mortgage rates hovering above 6%, the big question on everyone’s mind is: Will they drop in 2024, or should buyers act now? 📊 What’s Driving Mortgage Rates? 📉 Falling bond yields could push rates lower, but inflation concerns are keeping rates high.🏦 The Federal Reserve’s next move...
📍 Steel & Aluminum Tariffs Are Making Homes More Expensive—Here’s What Buyers & Sellers Need to Know If you're buying a new home or renovating, be prepared for higher costs. Recent tariffs on steel, aluminum, and imported materials are driving up construction expenses, impacting home prices, affordability, and supply chain timelines. 🏗️ Why Are Prices Rising? ✅ Steel and...
📍 How the $1B+ Halt on Affordable Housing Impacts First-Time Buyers and Renters The American Dream of homeownership is facing a new hurdle. With over $1 billion in affordable housing funding suspended, first-time buyers, low-income families, and renters looking to transition into homeownership may find it even harder to purchase a home in 2024. 🏡 What’s Happening? In a move that has...