Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices. Whether you’re thinking of buying or selling, here’s a look at what the experts ...
Continue ReadingThe 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%. In general, higher rates reflect the strength in the economy that is supportive of the housing market. But notably, as compared to a year ago, rates are more than one percentage point lower and potential homebuyers ...
Continue ReadingFalling Mortgage Rates Are Bringing Buyers Back If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming ...
Continue ReadingMortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help ...
Continue ReadingHow the Economy Impacts Mortgage Rates As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While ...
Continue ReadingSpring Into Action: Preparing for the Real Estate Market As the spring season approaches, many of us start thinking about sprucing up our homes, but for others, it’s the perfect time to dive into the real estate market. Whether you’re looking to buy or sell, preparation is key to making ...
Continue ReadingDeciphering Interest Rates and APR: Unveiling the Complete Picture of Borrowing Costs In the realm of securing a mortgage, many homebuyers fixate solely on the interest rate, overlooking crucial aspects of borrowing costs. While the interest rate is pivotal, it doesn’t encapsulate the entirety of borrowing expenses. Enter the Annual ...
Continue ReadingFebruary 1, 2024 Although affordability continues to impact homeownership, the combination of a solid economy, strong demographics and lower mortgage rates are setting the stage for a more robust housing market. Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation, rates are expected to ...
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