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Category: Key Largo Mortgage Rates

Monroe County is the southernmost county in Florida. It stretches more than 100 miles from Key Largo to Key West and is surrounded by the Atlantic Ocean to the east and the Gulf of Mexico to the west. Its key population centers include Key Largo, Islamorada, Tavernier, Marathon, Big Pine Key and Key West.

The Florida Keys are renowned for being among the most pre-eminent fishing and diving destinations in the world. Recreation options include fishing, diving, kayaking, camping, bicycling and assorted other water and outdoor sports.

Are More Homeowners Selling as Mortgage Rates Come Down?

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Housing Market Updates, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up Buyers.

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up. An article from Freddie Mac explains: “The lack of housing supply was partly driven by the rate lock-in...

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Experts Project Home Prices Will Increase in 2024

Written by Key Largo Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key Largo Mortgage, Key Largo Mortgage Rates, Pricing.

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here’s what experts forecast will happen with prices this year. Experts Project a Modest Increase Check out the latest home price forecasts from eight different sources (see graph below): The blue bar on the left means, on...

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Florida Mortgage | Pre-Approval Matters When Buying a Home

Written by Key Largo Mortgage Syndicated User on . Posted in Key Largo Mortgage, Key Largo Mortgage Rates.

Why a Pre-Approval Matters When Buying a Home. If you’re thinking about buying a home, getting pre-approved is an important first step. Want more information on buying a home? Let’s connect you with one of our mortgage experts. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagepreapproval #homebuyingtips

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3 Must-Do’s When Selling Your House in 2024

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Myths.

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Right The housing market shifted in 2023 as mortgage rates rose and home price appreciation started to normalize once again. As a seller, you still need to recognize how important it is to price your...

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Key Terms Every Homebuyer Should Learn [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up Buyers.

Some Highlights Buying a home is a big deal and can feel especially complicated if you don’t know the terms used during the process. If you want to become a homeowner this year, it’s a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy a home.  Connect with a local real estate agent so you can get expert help with any questions you have.

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3 Key Factors Affecting Home Affordability

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, Move-Up Buyers, Pricing.

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To really understand home affordability, you need to look at the combination of three important factors: mortgage rates, home prices, and wages. Let’s dive into the latest data on each one to see why affordability is improving. 1. Mortgage Rates Mortgage rates have come...

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2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Myths.

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future. As Dean Baker, Senior Economist at the Center for Economic Research, explains: “It also appears that mortgage rates are now...

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Why You May Want To Seriously Consider a Newly Built Home

Written by Key Largo Mortgage Syndicated User on . Posted in For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Selling Myths.

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record Percentage of New Home Inventory Newly built homes are becoming an increasingly significant part of today’s housing inventory. According to the most recent report from the National Association of Home Builders (NAHB): “Newly built homes available for sale accounted for 31% of total homes available for sale in November, compared to an approximate 12% historical...

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