Find out which projects could bring you joy — and some cash back!
The highest inflation in four decades has pushed interest rates up to newsworthy levels; on January 1, 2022, the 30-year fixed rate mortgage was 3.11%. Now, as I’m writing this in the beginning of November, the rate is around 7.06%, a remarkably fast escalation in under a year.
We’ve all heard about interest rates rising, home prices teetering, and the volatility of the housing market, but what’s happening behind the headlines that impacts one of your clients’ most valuable assets — their house? And, what should divorcing homeowners and attorneys know and do differently now?