The state of the U.S. economy has given the Fed confidence to increase interest rates for the better part of two years. As recently as June 2017, the average rate on a 30-year fixed mortgage rested at 3.9%. Today, the rate on 30-year fixed mortgages has jumped to 5.04%. In 2018 alone, the interest rate on 30-year fixed mortgages has jumped slightly more than a point, but I...
You’ve dreamed of owning a home for as long as you can remember. But lately, your dream’s been more like a driving force than a twinkling in the eye. Perhaps your friends are all buying homes and pressuring you to do the same. Or maybe your rent just went up again. Whatever the case, you just can’t wait another year to buy. There’s just one thing: You aren’t quite sure you...