Matthew Ricci is a home loan specialist with over fifteen years of experience in operation and home mortgage lending. He has a high aptitude in business development, lending operations, underwriting, and customer experience. He has an average annual residential sales volume $30M - $35M.
More bad news for the would-be homebuyers after the U.S. Federal Reserve raised the benchmark rate by 25 basis points on Wednesday.
Almost 60% of millennials think homeownership is more important now than during their parents' generation.
With mortgage rates rising, the answer isn't so clear. We asked some experts for their thoughts.
In many markets, “if you see a house on a Tuesday you like, you more than likely have to put in an offer by Thursday morning at an elevated price,” said Matthew Ricci, a home-loan specialist at Churchill Mortgage in Cranston, R.I. “The overall theme in most of those areas is still limited inventory.”