The Federal Reserve just cut rates by 0.25%, but that doesn’t mean mortgage rates automatically follow. In fact, after the announcement, mortgage rates actually ticked up slightly. Here’s what the Fed’s decision really means for buyers and sellers right now.

Pre-qualification and pre-approval are two very different but crucial steps in the homebuying process. Pre-qualification gives you an estimate of your buying power, while pre-approval proves to sellers that you’re ready to purchase. Today, both can be done online, and with the right lender, you can even get pre-approved with a soft credit pull.

Thinking about your next property? Learn the key differences between a second home and an investment property so you can make the right move.

Learn more about the PLHA Down Payment Assistance program through Riverside County. Offering up to $100k in down payment assistance for first-time homebuyers!