by Wells Funding Group | May 1, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been...
by Wells Funding Group | Apr 12, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.SmartAsset...
by Wells Funding Group | Apr 6, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing
We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that...
by Wells Funding Group | Apr 3, 2023 | Buying Myths, For Buyers, Interest Rates
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below...
by Wells Funding Group | Mar 15, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers
Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the...
