What Homebuyers Need To Know About Credit Scores
Understanding your credit score is crucial when buying a home. Lenders consider it for loan qualification and determining mortgage rates. A higher score leads to lower rates and better terms. While 765 is the median score for mortgage applicants, aiming for the “Good” range (670-739) or even the “Very Good” range (740-799) improves your chances. Work with a trusted lender for personalized insights, as each has its own lending strategy. Focus on payment history, debt utilization, and avoiding new credit applications to boost your score. Prioritizing your credit score can enhance affordability and secure a better mortgage rate.
Powerful Job Market Fuels Homebuyer Demand
The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a […]
Why Today’s Housing Market Is Not About To Crash
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very […]