3 Months 3 Trends In Aitkin And Beyond

Dated: 11/02/2018

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Excerpt taken from the original article 3 Months, 3 Housing Trends: Rates Rise, Prices Slow, Millennials Buy which appeared on NerdWallet.

3 Months, 3 Housing Trends in Aitkin and Beyond

First-time home Image titlebuyers might have a couple of things to cheer about in the final three months of 2018, even as mortgage rates are expected to continue their slow rise. Here in Aitkin, and beyond there are three housing and mortgage trends to keep an eye on from October through the end of the year:

Higher rates

  • Don’t panic - wait for the right home.

  • Lock the rate.

  • Pay discount points to reduce the rate.

  • Slowdown in home prices

Revise price range.

Misconceptions about mortgages less than 20% down IS possible:

  • VA loans, USDA loans, FHA loans, some conventional mortgage programs allow down payments as low as 3%.

» MORE: First-time home buyer programs by state  |  How to buy a home when rates are rising  

The article 3 Months, 3 Housing Trends: Rates Rise, Prices Slow, Millennials Buy originally appeared on NerdWallet.

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