Wondering when the current mortgage rate rollercoaster will end? The main explanation for the recent rise in rates is simple: The Federal Reserve is on a mission to combat inflation. That means the Fed plans to raise short-term interest rates in 2022, and mortgage rates generally follow the same path. On the other side of the coin, competing forces are pushing rates lower. For example, investors are taking money out of the stock market and putting it into safer investments like mortgage bonds. This growing demand leads to lower rates. Ultimately, the good news is that rates have a good chance of becoming attractively low in the long-term if a recession doesn't begin to affect the economy.
How Crypto and Blockchain Are Influencing Real Estate
Digital or cryptocurrency has already become a huge game changer in real estate. Many agents believe buying and selling properties with digital currency and recording transactions on the blockchain "ledger" will transform the market.
One welcome advantage: buying a home with crypto means the process is ultra-simplified. There's no need for credit scores or background checks. Collateral is the only way eligibility is determined. And some companies will lend crypto users up to 50% of the loan if the collateral is in bitcoin. That means crypto opens the market to a pool of buyers who wouldn't normally qualify because of low credit scores.
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Posted by Abuzar Waleed on
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