There are a few reasons why mortgage rates have been volatile lately: Economic Uncertainty: The lingering effects of the pandemic and ongoing geopolitical issues are making it hard to predict how the economy will perform. This uncertainty makes investors jittery, which can cause fluctuations in the bond market, which in turn affects mortgage rates. Inflation: Inflation is a measure of how much...
Many buyers of land will use a loan for their purchase. Unfortunately some of those buyers are in for a shock regarding the down payment because this type of loan is viewed differently than real estate purchases with homes or buildings. For some insight, here are key factors to know about down payments for land loans. 1. How much is the down payment on a land loan? Lenders require 20-50 percent of the...
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