(ARA) - Rates are up, rates are down. It's a buyer's market, it's a seller's market. If the housing market seems like a roller coaster for would-be buyers, that's because it is. But understanding the most current trends can help buyers know when to get on -- or off -- the ride.
Trend No. 1 -- Fixed for refinance, but still flexible for purchases.
"Because the market has been quite volatile, the trend in lending for refinances has moved homeowners to apply for fixed loans," says Alex Capio, LendingGateway's chief executive officer. "Who knows what the future holds as the rates have tapered back down a little and are expected to remain steady for the next year.
Trend No. 2 -- Consolidate, if you can.
Trend No. 3 -- Go with a local lending agent
