Better to be house poor or be a renter?

The Recession officially starts today and THIS is the main question home buyers are asking themselves so lets explore that along with some other very interesting and dare I say GOOD news to kick of this Recession... Medical collections with zero balance will be deleted today and there's more good news on that front. Plus, we have all sorts of bad news already on the table, so do things usually get worse from there or better? Lets take a logical approach to trying to make sense of that! Links below - hope it helps!

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- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in

NEED A REALTOR IN San Diego? I know some of the absolutely best and happy to refer you to someone that works specifically in the area important to you.

Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046

VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://www.cnbc.com/2022/07/01/atlanta-fed-gdp-tracker-shows-the-us-economy-is-likely-in-a-recession.html
https://www.cnbc.com/2022/07/01/massive-pile-up-of-cars-ikea-exports-in-european-port-labor-strife.html
https://www.forbes.com/advisor/personal-finance/medical-debt-removed-from-consumer-credit-reports/
https://www.cnbc.com/2022/06/29/mortgage-demand-stalls-again-even-as-interest-rates-swing-briefly-lower.html
https://www.cnbc.com/select/mortgage-rates-today-still-relatively-low/