Should you pay to extend your mortgage rate lock? What to do when your closing gets delayed.
Rates jumped this week. On October 1, Freddie Mac's average 30-year fixed rate hit 7.28%, up from 7.03% the week before. That's the biggest one-week jump since October 2022. If you're under contract right now, that jump matters most if your closing gets pushed back. When does your rate get locked? M
Rate buydown or price cut? What saves buyers more?
Rate buydown or price cut? What saves buyers more? The housing market in Prince George's County has shifted, and the negotiating power is moving from sellers to buyers. Across the DC area in August, there were 11% more homes for sale than a year ago, according to Bright MLS. Showings were down 7%, a
Buying a Home in a Buyer’s vs. Seller’s Market: What’s the Difference?
The real estate market seems to speak a language of its own. You constantly hear terms like "hot market" or "slump," but when you’re ready to buy, the most crucial distinction is whether you are entering a Buyer’s Market or a Seller’s Market. Understanding which one you're in isn't just trivia, it d
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