Category: home down payment

Mortgage Rates Slip After Fed Hike, But What’s Next?

Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% this week after hitting a 20-year high of 7.08% …

Kingsley, Kalkaska Emerge As (Cheaper) Alternatives

Kingsley, Kalkaska Emerge As (Cheaper) Alternatives By Ross Boissoneau | Jan. 24, 2018 The median sales price for a single-family home in Traverse City rose to $256,000 last year, a figure prompting many would-be homeowners to look to …

Calculator for Buyers: Purchase Now or Save More?

Daily Real Estate News | Monday, April 10, 2017 <!– –> While nearly 40 percent of aspiring homeowners believe they need to put down 20 percent on a home purchase, the truth is the average down payment was …