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
More down payment assistance in Prince George's County: what to do when Pathway to Purchase is out of funds
A while back I wrote about Pathway to Purchase, the Prince George's County program that puts up to $50,000 toward a down payment and closing costs. Here is where it stands today. Pathway is out of money, and the county doesn't expect new funding until November at the earliest. Two other county progr
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
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