In the world of real estate and mortgages, not much has changed. Inflation went up a little bit in March, just by 0.1%, making it 2.9% now. Mortgage rates haven't changed much either.
There's some good news for people buying their first home: the time you can take to pay off an insured mortgage has been increased from 25 years to 30 years. This change will make monthly payments smaller, which is a big help for first-time buyers. Also, home sales have gone up since last year, so we're definitely in the spring market now.
If you or anyone you know wants some real estate advice or a free home evaluation, just let me know.
Best regards,
Elena