by Wells Funding Group | Jan 17, 2023 | Buying Myths, First Time Home Buyer, For Buyers, Interest Rates, Move-Up Buyers
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing...
by Wells Funding Group | Jan 16, 2023 | For Buyers, For Sellers, Housing Market Updates
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the...
by Wells Funding Group | Jan 13, 2023 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Infographics, Move-Up Buyers
Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to...
by Wells Funding Group | Jan 2, 2023 | First Time Home Buyer, For Buyers, Interest Rates, Move-Up Buyers
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation...
by Wells Funding Group | Dec 28, 2022 | Buying Myths, First Time Home Buyer, For Buyers
While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan....
by Wells Funding Group | Dec 27, 2022 | Buying Myths, For Buyers, For Sellers, Selling Myths
If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate...
