Changes in rates and the need to buy or rent



With mortgage rates constantly changing, it’s still a good time to refinance, but the housing market presents a more mixed picture for potential buyers. Here’s what you need to know about the current climate when it comes to real estate and mortgages.

a man and a woman look at a computer: a couple and a manager in an office, a couple buy a car at a car dealership, confirming an agreement, sign a legal document, a husband signs a contract, a family takes a bank loan, makes a financial transaction

© fizkes / Getty Images
A couple and a manager in the office The spouses buy a car at a car dealership, confirming the agreement, sign a legal document, the husband signs the contract The family takes a bank loan, makes a financial transaction

1. This week mortgage rates have increased.

After weeks of downward trend in mortgage rates bounced 11 basis points to 3.11 percent in the latest Bankrate survey. While this is still good enough for most refinancing companies, it highlights the uncertainty in the market.

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2. Another delay in mortgage interest payments looms on the horizon.

Lots of Bankrate experts weekly rate poll Expect mortgage interest rates to drop next week, but as usual, hedging abounds. The general advice remains: if a refinancing deal or new loan terms make sense for you and your wallet now, don’t wait to see what the market does.

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3. To buy or not to buy? That is the question

I just couldn’t bring myself not to use clichés. Whether to rent a house or buy is an important decision, and not always unambiguous. Bankrate spoke to personal finance expert which advises young people on what to consider when it comes to renting rather than owning.

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4. Revival of iBuyer

By rebutting predictions that they will not work in the hot seller market, iBuyers live up to expectations. gaining momentum reducing commission and making competitive offers. Selling an iBuyer isn’t for everyone, but it can make the process easier if you decide it makes sense for you.

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5. Why Cash Buyers Should Still Consider Mortgages

While buying a home with cash can make your offering more competitive in this intense market for sellers, this tactic can also make it harder for you to use your home equity in the future. Even for those who can afford to buy a home without a loan, it still makes sense in the long run finance a deal

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