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A recent survey from Bank of America asked would-be homebuyers what would help them feel better about making a move, and it’s no surprise the answers have a clear theme. They want affordability to improve, specifically prices and rates (see below): Here’s the good news. While the broader economy may still feel uncertain, there are […]
What Buyers Say They Need Most (And How the Market’s Responding) Read More »
You want mortgage rates to fall – and they’ve started to. But is it going to last? And how low will they go? Experts say there’s room for rates to come down even more over the next year. And one of the leading indicators to watch is the 10-year treasury yield. Here’s why. The Link
Why Experts Say Mortgage Rates Should Ease Over the Next Year Read More »
Confused why mortgage rates rose after the Fed cut? Learn what’s driving today’s housing market, when’s the best time to buy, and what it means for you.
What’s Really Going On With Mortgage Rates and the Housing Market? Read More »
Mortgage Rates Drop: What It Means for Buyers and Sellers in 2025 Mortgage rates just hit their lowest point since October 2024, and buyer demand is jumping. The Mortgage Bankers Association reports purchase applications up 23% year over year, creating a real window of opportunity for both buyers and sellers. In this video, I break
Mortgage Rates Are Dropping— Here’s Why Sellers Should Act Now Read More »
The Federal Reserve just announced the first interest rate cut of 2025, and the housing market is already reacting. Mortgage rates have dropped to their lowest levels in a year and are now only 0.25% away from reaching a 3-year low. This shift could be a turning point for both homebuyers and sellers looking to
The Fed Cuts Rates: What It Means for Homebuyers and Sellers in 2025 Read More »
Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in. According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week
Why Now May Be a Key 2025 Moment To Sell Your House Read More »
The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds
What a Fed Rate Cut Could Mean for Mortgage Rates Read More »
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
Mortgage Rates Just Saw Their Biggest Drop in a Year Read More »
Homeownership comes with plenty of milestones, and one of the most powerful opportunities available to many homeowners is the chance to refinance. If you purchased your home or refinanced within the past couple of years, you may now be in a position to lower your monthly payment, save on interest, or access the equity you’ve
Is Now the Right Time to Refinance Your Home? Read More »
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
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff Read More »