by Wells Funding Group | Nov 1, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the...
by Wells Funding Group | Oct 31, 2022 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Move-Up Buyers
If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real...
by Wells Funding Group | Oct 28, 2022 | First Time Home Buyer, For Buyers, Infographics, Move-Up Buyers
Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and...
by Wells Funding Group | Oct 24, 2022 | First Time Home Buyer, For Buyers, Move-Up Buyers
If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s...
by Wells Funding Group | Oct 19, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling...
by Wells Funding Group | Oct 18, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the...
