What Is a Refinance? A refinance is when you replace your current home loan with a new one—similar to trading in a car for a newer model. The new loan pays off the old loan, and you start fresh with updated terms. There are two main types of refinancing: Rate-and-Term...
Interest Rates May Remain Elevated No one can predict the exact path of interest rates. However, two major forces may keep them higher than many expect. Inflation Risks. Inflation reports still show elevated prices. When tariffs (taxes on imported goods) increase,...
The Restaurant Effect: More Choice Means More Opportunity 🍽️🏡 Ever notice how the best restaurants are often right next to other restaurants? That’s because more options attract more customers. The same is true in real estate. Housing inventory has now returned to...
📈 Rents Are Still Climbing Rents have gone up 30% since before the pandemic, according to recent data from Cotality, a housing analytics firm. That’s a huge jump—and the increases haven’t stopped. Today, average rents are still rising about 3% per year, and in some...
