Mortgage rates have jumped, slowing down home sales. Consider various mortgage types to find the best rates, including fixed-rate, adjustable-rate, FHA loans, and VA loans. To save for a home, park money wisely, automate savings, and maximize savings by cutting expenses. By understanding mortgage options and saving strategies, you can navigate the current real estate market.
Upcoming changes will reduce realtor commissions significantly, potentially saving buyers and sellers thousands of dollars. The traditional 6% fee will be eliminated, with sellers no longer paying both their own and the buyer's broker. This alteration is expected to reduce brokerage costs by 50%, impacting the real estate market significantly.
