Today's Mortgage Minute

Rents are now increasing at the fastest rate since the housing crisis in 2007. You think that this would be a motivating factor for those that are renting to buy home. However, the higher rates get the last renters have to say up for a down payment.  This is going to impact the first-time homebuyer. NOTE TO LISTENER:  Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down.  This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month.  David welcomes your feedback in the comment section below.