Fears of rising mortgage rates have softened slightly in recent months, but high mortgage rates and home prices are still keeping many homeowners from moving, according to a study from. Point. , the leading home equity investment platform.…
Homeowners felt mortgage rates were likely to stay high for the near future. 3. Homeowners wanted to make renovations to their homes and were going to pay in cash for them.…
•. 4 min read. 22% of homeowners feels “stuck” because of high mortgage rates. Only 1 in 10 of homeowners who want to move in 2023 think they will, according to the Point Homeowner Sentiment & Moving Survey. Point Editorial Team. •. 4 min read.…
Set against a backdrop of a potential recession, mortgage rates at 20-year highs, and news cycles dominated by layoffs, we found homeowners are pessimistic about their ability to move when they want and about the future of mortgage rates.…
- While there is no clear consensus about what will happen to mortgage rates and home sales in 2023, the real estate experts from organizations like the Mortgage Bankers Association, Zillow, Taylor Morrison, and others surveyed in Point’s 2023 Real Estate…
However, the current economic climate has made these options less accessible and attractive as rates have increased, and lending standards have tightened.…
When mortgage rates dipped below 3% years ago, cash-out refinances were common avenues for homeowners to access their equity.…
Share on social: Adjustable-rate mortgages (ARMs) are a popular option for home buyers, as they typically offer lower interest rates during the introductory period than fixed-rate mortgages.…
Though mortgage interest rates haven't been this high since 2002, half of the homeowners who considered a loan against their home in the past year are moving forward, according to new research from Point. Point Editorial Team. •. 4 min read.…
And with mortgage rates on the rise, refinancing is a less attractive way to leverage home equity.”.…