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Category: Mortgage Rates

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Mortgage Rates Just Saw Their Biggest Drop in a Year

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, Economy, First-Time Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked the Drop? According to Mortgage News Daily, this was a reaction to the August jobs report, which came out weaker-than-expected for a second month in a row. That sent signals across the financial markets, and then mortgage rates came down as a result. Basically, we’re seeing signs the...

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Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

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

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that may not sound like a big deal, pretty much every buyer has been waiting for rates to fall. And even a seemingly small drop like this reignites the hope we’re finally going to see rates trending down. But what’s realistic to expect? According to the latest forecasts, rates aren’t expected to fall dramatically...

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3 Advantages of Buying a Newly Built Home Today

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, Buying Tips, For Buyers, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates, New Construction.

Some Highlights Prices, rates, and finding the right home are three of the biggest challenges for buyers today. You may find better luck with all 3 if you look at newly built homes. There are more available. Builders are more flexible on prices right now. And people who buy new homes tend to get lower rates in this market thanks to the incentives builders can offer. Connect with an agent if you want to see the new builds available in and around your area.

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Housing Market Forecasts for the Rest of 2025

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Forecasts, Home Prices, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Will Home Prices Fall? Many buyers are hoping home prices will come down soon. And recent headlines about prices dipping in some areas are making some people believe it’s just a matter of time before there’s a bigger drop. But here are the facts. While home price growth is slowing down, that doesn’t mean we’re headed for a crash....

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The Latest Mortgage Rate Forecasts

Written by Key Largo Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Forecasts, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights If you’re tempted to delay your move in hope that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast. Experts say mortgage rates are projected to stay in the 6s this year. So don’t expect a big drop. If you want to talk about what this means for your move, connect with a real estate agent. As forecasts change, having an expert who can keep you updated is essential.

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Why a Newly Built Home Might Be the Move Right Now

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Home Prices, Inventory, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates, Move-Up, New Construction, Rent vs. Buy.

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why. There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s...

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Mortgage Rates Are Stabilizing – How That Helps Today’s Buyers

Written by Key Largo Mortgage Syndicated User on . Posted in First-Time Buyers, For Buyers, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place. But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move. Mortgage Rates Have Stabilized – For Now Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently,...

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Why More Sellers Are Choosing To Move, Even with Today’s Rates

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

It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider. While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your knees can’t handle anymore, or being 1,000 miles from your family. And those real-life needs are pushing more sellers off the fence despite today’s rates. Data shows the share of homeowners with a mortgage rate below 3% is dropping as more people move. And, as a result, the share of homeowners taking on a...

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Buying Your First Home? FHA Loans Can Help

Written by Key Largo Mortgage Syndicated User on . Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan. They’re designed to help you overcome some of the biggest financial hurdles in the homebuying process – and that’s why so many first-timers are using them to make their purchase. Whether you’re dreaming of ditching rent, planting roots, or just wanting a place that’s truly yours, an FHA home loan could be the path that...

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Understanding Today’s Mortgage Rates: Is 3% Coming Back?

Written by Key Largo Mortgage Syndicated User on . Posted in Buying Tips, First-Time Buyers, For Buyers, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it’s time to reset expectations. Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a...

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