Home buyers are in fact faced with a litany of woes in today's market. From climbing home prices, to inventory challenges and volatile mortgage rate, that as of this morning is 6.89%. What is a home buyer to do? While experts recommended paying no more than 33% of your monthly income on housing expenses, with recent mortgage rate volatility, this may be a problem for some people. Here are 5 steps you can take that may help you move forward.
Currently some home buyers have decided to wait and see what will happen as the feds work to lower inflation. For all other home buyers who are actively looking, it may be a bit of a bumpy ride, but it can be done. As always, thank you for visiting. Until next time... Diana