Fort Worth Home Buyers
Fort Worth Home Buyers
Apr 22, 2022
1/3
Potential Home Buyers In Fort Worth See More Costs In Future Mortgage Interest Rates have increased in early 2022 adding to the cost of buying a home in Fort Worth. Now house buyers are faced with both higher interest costs and higher home prices. Combine that with historically low inventory levels of homes for sale and it has become a difficult process for home buyers. Many will not be able to qualify for mortgage loans because of the added monthly interest expense. Lenders have guidelines on the maximum percentage of monthly income can be used for housing costs. And a professional home buyers company in Fort Worth also has difficulty finding homes to purchase for repair and remodeling. The basic problem is that there is a lack of supply. That is, there are more people who want to buy homes than there are homes. This imbalance will continue to push home prices up in the future.
Learn more