With the Federal Reserve deciding to increase interest rates, the housing market is bound to be affected, including mortgage rates, buyers, and sellers. When the economy is strong and inflation rises, the Fed raises rates to cool things down, making borrowing money more expensive and slowing spending. Historical factors show that rate increases occurred in 2017 and 2018 after a long period of stability, reminiscent of the pre-housing market crash of 2008. In December 2015, the Federal Reserve raised rates, leading to an increase in the average 30-year fixed mortgage rate. However, rates have since fallen and remained relatively low. Mortgage rates are influenced not only by the federal funds rate but also by the yield on 10-year Treasury bonds, which move in the same direction as mortgage rates. Understanding these factors and seeking guidance from lenders is crucial for making informed decisions when buying or selling a home. ...

Learn how a HELOC (home equity line of credit) works and how it can help you protect and leverage the value of your home. This guide provides all the information you need to make an informed decision about whether a HELOC is right for you. From understanding the basics of a HELOC to qualifying for one, managing payments, and comparing it with other options, this comprehensive guide will equip you with the knowledge to navigate the world of home equity financing. ...

Learn how to calculate mortgage payments and gain a thorough understanding of the different components involved. From principal and interest to property taxes, insurance, and HOA fees, this comprehensive guide will equip you with the knowledge you need to make informed decisions during the homebuying process. Take control of your finances and confidently navigate the world of mortgages. ...

Transitioning into your new home involves more than just purchasing the property; it includes adorning your space with furnishings that reflect your style and comfort. With this comprehensive guide by CrossCountry Mortgage, you'll gain a clearer understanding of the potential costs involved in furnishing your new home. We provide insightful tips on saving money, prioritizing your purchases, and shopping smartly to ensure your house becomes a home without straining your finances. ...

Navigating the path of homeownership often leads you to consider refinancing your mortgage. Whether your aim is to lessen your mortgage payments, accrue home equity more rapidly, or transition from an adjustable-rate mortgage to a fixed-rate, the decision is often complex. This comprehensive guide with Crosscountry Mortgage equips you with critical insights into why, when, and how to refinance your home, while addressing important considerations like your credit score and upfront costs. With this guide, take control of your mortgage terms and optimize your financial freedom. ...

Adopting a rescue dog is an exhilarating experience, filled with anticipation and joy. However, this transition can be a potentially overwhelming period for your new four-legged friend. At Crosscountry Mortgage, we understand the journey and have developed a comprehensive guide to help make your home a comfortable and safe haven for your rescue dog. Our guide covers all the essentials: from introducing your dog to children and other pets, building trust, to preparing your home with necessary pet supplies. Remember, the key lies in patience, gradual socialization, and maintaining a calm environment. Embark on this rewarding journey with us and let's help you create a warm, loving home for your rescue dog. ...