Control the Controllables If You’re Worried About Mortgage Rates

Written by Palm Harbor FL Mortgage Syndicated User on December 1, 2024. Posted in Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t. The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while recent...

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

Written by Palm Harbor FL Mortgage Syndicated User on December 1, 2024. Posted in Equity, Foreclosures, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.That’s a big part of the reason why even though mortgage debt is at an all-time high, this isn’t 2008 all over again. As Bill McBride, Housing Analyst for Calculated Risk, explains:“With the recent house price increases, some people are worried about a new housing bubble – but mortgage debt isn’t a concern . . .”Today’s homeowners are...

What’s Behind Today’s Mortgage Rate Volatility?

Written by Palm Harbor FL Mortgage Syndicated User on December 1, 2024. Posted in Agent Value, Economy, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.The Market’s Reaction to the ElectionA significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who won,...

Q&A: How Do Presidential Elections Impact the Housing Market?

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2024. Posted in Economy, Home Prices, Infographics, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

What To Expect from Mortgage Rates and Home Prices in 2025

Written by Palm Harbor FL Mortgage Syndicated User on November 1, 2024. Posted in Affordability, Featured, For Buyers, For Sellers, Home Prices, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

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 are saying and how it might impact your move.Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the forecast looks positive. After rising dramatically in recent years, experts project rates will ease slightly...

This Is the Sweet Spot Homebuyers Have Been Waiting For

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2024. Posted in For Buyers, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?The truth is, if mortgage rates continue to ease, as experts project, more...

Buying Beats Renting in 22 Major U.S. Cities

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area might...

Buy Now, or Wait?

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2024. Posted in Buying Tips, For Buyers, Infographics, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

Lower Mortgage Rates Boost Your Buying Power

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2024. Posted in For Buyers, Infographics, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage.

Some HighlightsMortgage rates are trending down and that’s great news for your bottom line.As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power.If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down.

Falling Mortgage Rates Are Bringing Buyers Back

Written by Palm Harbor FL Mortgage Syndicated User on October 1, 2024. Posted in Featured, For Sellers, Mortgage Rates, Palm Harbor FL Mortgage, Palm Harbor Mortgage, Selling Tips.

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 down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are...

Category: Mortgage Rates