With interest rates predicted to go up 2 to 3 times this year, some buyers may be priced out of the market they were approved for last year. Acting before rates become higher will save money rather than waiting to save more for a down payment. Some loans offer lower downs than others so working with a good mortgage lender is a great start. Most people do not know this but your interest rate dramatically affects your affordability, raising your monthly payment more than the purchase price of a home. So if you are planning to buy in the near future, sooner is better than later. 

Many taxpayers—including renters—should see a tax cut this year due to the new tax bill passed. This increase of buyers' disposable income will create demand for those who are looking to build equity as a homeowner, rather than wasting their savings paying rent on their landlord's mortgage.

Here's to a happy and prosperous 2018 for all and those looking to realize their dream of homeownership this year. We are here to help with the top lending and real estate team professionals to assist you.