We have all seen the headlines about rising interest rates. Indeed, the Federal Reserve has raised its benchmark rate at an unprecedented pace – 11 times over the past 18 months – in an effort to slow inflation.
And though all signs now point to an end to the Fed’s rate-hikes, in this new frontier of 6%-7% mortgage interest rates, the fact remains that the average house hunters have had their buying power cut in half. If that describes you or a family member, you may be wondering if there are any alternatives to conventional financing.
In our latest planning note, we review a few that might be worth considering.