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Category: Mortgage Rates

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3 Reasons To Move in Today’s Shifting Market

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

Some Highlights The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Connect with an agent to get started.?

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Is Affordability Starting To Improve?

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

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Housing affordability is improving ever so modestly, but it is moving in the right direction.” Here’s a look at the latest data on the three biggest factors affecting home affordability: mortgage rates, home prices, and wages.  1. Mortgage Rates Mortgage rates have been volatile...

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Mortgage Rates Down a Full Percent from Recent High

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

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish. Mortgage Rates Trend Down in Recent Weeks There’s big news for mortgage rates. After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie...

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How the Economy Impacts Mortgage Rates

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, For Buyers, For Sellers, Key Largo Mortgage, Key Largo Mortgage Rates, 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 the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate. The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on...

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How Do Presidential Elections Impact the Housing Market?

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, Home Prices, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates, Mortgage Rates.

Some Highlights Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.? Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly. Presidential elections have only a small and temporary impact on the housing market. If you have questions, connect with a real estate agent.

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Things To Avoid After Applying for a Mortgage [INFOGRAPHIC]

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

Some Highlights There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process.

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Real Estate Still Holds the Title of Best Long-Term Investment

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

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision. According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes: But why does...

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Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

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

Some Highlights Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

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Worried About Mortgage Rates? Control the Controllables

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

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky. That’s why it’s generally not worth it to try to time the market. There’s too much at...

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What’s Next for Home Prices and Mortgage Rates?

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

If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can based on the latest information available. So, here’s what experts are saying about both prices and rates. 1. What’s Next for Home Prices? One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a...

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