Resource One, News You Can Use! December 2022 Edition
By: Billy Clotere
What Is an APR? Annual Percentage Rate, Explained
By Audrey Ference Nov 28, 2022 (pawel.gaul/iStock) The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a [...]
2023: The Year of the Homebuyer? Our Bold Predictions on Home Prices, Mortgage Rates, and More
By Clare Trapasso Nov 30, 2022 (Photo-Illustration by Realtor.com / Getty Images (4)) It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now [...]
A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now
By Kimberly Dawn Neumann Nov 28, 2022 (Getty Images) With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. While there are a [...]
Are Lower Mortgage Rates a Holiday Gift for Homebuyers—or a Temporary Reprieve?
By Clare Trapasso Nov 21, 2022 (Design by Realtor.com / Getty Images (2)) The drumroll of bad tidings in the housing market was interrupted last week by a glimmer of good news. Finally. Soaring mortgage interest rates, which have caused deep financial pain for many homebuyers and led [...]
Home Prices Will Fall in 2023, but Affordability Will Be at Its Worst Since 1985, Research Firm Says
By Aarthi Swaminathan Nov 16, 2022 (Getty Images) Home prices will fall by 8% next year, but high mortgage rates and a possible recession will continue to hurt affordability, a new report says. In a report published this month, independent research firm Capital Economics warned that [...]
