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Two directions for home sales amid economic turmoil

Consumer anxiety is impacting the housing market, with uncertainty causing potential buyers and sellers to hesitate. Despite a rise in mortgage applications, inflation and mortgage rates remain volatile, influenced by recent tariff announcements. The March Consumer Price Index showed inflation at 2.4%, and mortgage rates averaged 6.62%, but surged to 7% due to market fluctuations.

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Calculate your Home Equity in Three Easy Steps

Understanding home equity is essential for homeowners as it affects net worth and borrowing capacity. Home equity is calculated by subtracting mortgage debt from the home's value. It increases as mortgage payments are made, providing a financial asset that can be used for loans or credit lines. Lenders typically allow borrowing up to 80% of

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