When Will Mortgage Rates Come Down?

Written by Longboat Key Mortgage Mortgage Syndicated User on December 4, 2024. Posted in Forecasts, Longboat Key Mortgage, Mortgage Longboat Key, Mortgage Rates.

One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we’re all eager for some relief. While no one can project where rates will go with complete accuracy or the exact timing, experts offer some insight into what we might see going into next year. Here’s what the latest forecasts show. Mortgage Rates Are Expected To Ease and Stabilize in 2025 After a lot of volatility and uncertainty, the most updated forecasts suggest rates will start to stabilize over the next year, and should...

Sell Your House During the Winter Sweet Spot

Written by Longboat Key Mortgage Mortgage Syndicated User on December 3, 2024. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Selling Tips.

A lot of people assume spring is the ideal time to sell a house. And sure, buyer demand usually picks up at that time of year. But here’s the catch: so does your competition because a lot of people put their homes on the market at the same time. So, what’s the real advantage of selling your house before spring? It’ll stand out. Historically, the number of homes for sale tends to drop during the cooler months – and that means buyers have fewer options to choose from. You can see how that trend played out over the past few years in this data from the National Association of Realtors (NAR). Each...

Should You Sell Your House As-Is or Make Repairs?

Written by Longboat Key Mortgage Mortgage Syndicated User on December 2, 2024. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Selling Tips.

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell as-is instead (see chart below): If you’re feeling stressed because you don’t have the time, budget, or resources to tackle any repairs or updates, you may be tempted to sell your house as-is, too. But before you decide to go this route, here’s what you need to know. What Does Selling As-Is Really Mean? Selling as-is means you won’t make...

Investors Are Not Buying Up All the Homes

Written by Longboat Key Mortgage Mortgage Syndicated User on November 29, 2024. Posted in Economy, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key.

Some Highlights There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.? Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street. No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.?

Make Your House the Top Thing on Every Buyer’s Wish List This Season

Written by Longboat Key Mortgage Mortgage Syndicated User on November 28, 2024. Posted in For Sellers, Longboat Key Mortgage, Mortgage Longboat Key, Selling Tips.

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out. Here’s the thing: there are plenty of buyers out there who want to be in a new home by the holidays, and your house might be just what they’re looking for. As an article from Redfin says: “. . . there is typically less inventory in the housing market this time of year, allowing your home to easily stand out...

Control the Controllables If You’re Worried About Mortgage Rates

Written by Longboat Key Mortgage Mortgage Syndicated User on November 27, 2024. Posted in Longboat Key Mortgage, Mortgage Longboat Key, Mortgage Rates.

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...

How Co-Buying a Home Helps with Affordability Today

Written by Longboat Key Mortgage Mortgage Syndicated User on November 26, 2024. Posted in Buying Tips, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key.

Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says: “If you are an aspiring homeowner, buying a home with your family or friends could be an option.” But there are some things you’ll want to consider first. Let’s explore why co-buying is gaining popularity right now among some buyers and see if it may make sense for you too. What Is Co-Buying? Co-buying means buying a home with someone...

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

Written by Longboat Key Mortgage Mortgage Syndicated User on November 25, 2024. Posted in Equity, Foreclosures, Longboat Key Mortgage, Mortgage Longboat Key, Mortgage Rates.

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...

How To Get Your House Ready To Sell in 2025

Written by Longboat Key Mortgage Mortgage Syndicated User on November 22, 2024. Posted in For Sellers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Selling Tips.

Some Highlights If you’re planning to list your house in 2025, it’s already time to start working on any repairs. But where do you start? Your local agent will be able to help you prioritize projects that will help you get the best return on your investment and appeal to what today’s buyers really want. If your goal is to sell your house next year, connect with an agent so you know what to start working on now.

Don’t Miss Out on the Growing Number of Down Payment Assistance Programs

Written by Longboat Key Mortgage Mortgage Syndicated User on November 21, 2024. Posted in Agent Value, Buying Tips, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key.

With rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance (DPA) programs has grown lately. Take a look at the graph below to see how many new programs have been added in the last year, according to data from Down Payment Resource: More Programs, More Opportunities for You So, what does this increase mean for you? With more programs available, there’s a higher likelihood that one of them could help you reach your...

Category: Mortgage Longboat Key