Can you Afford to be your Child’s Mortgage Lender?
In response to growing inflation and other economic pressures, the Federal Reserve recently raised its key benchmark interest rate by 75-basis points, the largest single increase since 1994. This has predictably increased mortgage rates from 3.0% in October 2021 to upwards of 6.5% today (a 3.5% increase in approximately 8 months!). Many homebuyers, especially first-time […]