We closed on our first home at the end of March, and I took off the entirety of last week from my job to get the house ready for us to move into by mid-April.

Updating my housing market affordability analysis from March as the 30 year mortgage rate climbs over 7% according to the benchmark index provided by Mortgage News Daily.

Today is the Thursday following the second Saturday of the month! For those that don’t watch housing market data for fun, that means it’s Redfin’s data release day, when their data points for the prior month are made public.

Taking a look at some of the classical economic theory framing how you should view your down payment funds, examining a “secret” investment that outperforms your savings account and cannot lose value but is not often mentioned, and revisiting the state of the housing market.

Mortgage News Daily’s index tracking 30 year mortgage rates hit 4.95% on Friday, March 25th, up nearly a full percentage point since the start of the month. Are we about to see a repeat of the 1970’s?

My fiancée and I thought that we were so close to home ownership. After nearly two years of house hunting, countless home tours and six rejected offers, last week we were finally first time home buyers under contract.

Will the FOMO peddlers be right, that if you don’t buy now and get on the property ladder, you will be priced out of the housing market forever?