Hear from MortgageCS CEO Ben Stucker (NMLS #168345) about interest rates, housing market trends, and more mortgage updates for homebuyers and homeowners! Whether you’re a homebuyer dealing with tough market competition or a homeowner looking to do a cash-out refinance, we have market updates for you. Watch the video below to learn more!
This Month in the Market (May 2022)
In the May 2022 market, the theme for homebuyers and homeowners alike is that rates are up and they seem to be here to stay for the foreseeable future. The increase in rates was the largest spike in several decades over the month prior, and many homebuyers are now facing affordability concerns as the same price point will now incur a significantly higher monthly payment. Cash-out refinancing is an option many are turning to as some existing homeowners look to renovate their homes instead of making a move.
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For more market information and unbiased answers to your mortgage questions, reach out to us directly! We’ll review your financial goals and help you devise a strategy that suits your needs. Schedule a call here today!