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Showing posts from January, 2023

Lions and Tigers and Interest Rates Oh My

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Lions and Tigers and Interest Rates Oh MY!🦁🐯😟 If high interest rates have you scared to purchase your next home you may want to reconsider. Although there is talk of a recession the housing market is stronger than ever as we enter our busiest home buying season of the year. As interest rates are creeping down some, so are home prices. Also, there are still different incentives to home buyers being offered such as the Welcome Home Grant that offers $10,000 to home buyers who are in a certain income bracket. The grant amount increases to $15,000 if you are a Veteran. There is also a MCC Tax Credit that offers you back a percentage of the interest you pay a year on your mortgage as a straight tax credit for the life of the loan. Of course there are still $0 Down loans as well.  Is the interest rate that is advertised the actual rate?? I'm so glad you asked 😂 The rate you usually see advertised is just the average rate. You maybe eligible for an even lower rate depending upon credi