Why Pre-Approval Is an Important Step for Today’s Homebuyers

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates.

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.” Why does that matter so much today? There are many more...

How To Approach Rising Mortgage Rates as a Buyer

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead. If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise. How Rising Mortgage Rates Impact You Mortgage rates play a significant...

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...

Myths About Today’s Housing Market [INFOGRAPHIC]

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in Buying Myths, For Buyers, For Sellers, Infographics, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates, Selling Myths.

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. Content previously posted on Keeping Current Matters

On the Fence of Whether or Not To Move This Spring? Consider This.

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates.

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data. Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like: Notice how much darker the blues...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

Where Are Mortgage Rates Headed?

Written by Sebastian FL Mortgage Syndicated User on April 23, 2022. Posted in For Buyers, Housing Market Updates, Interest Rates, Sebastian FL Condo Financing, Sebastian FL Mortgage, Sebastian FL Mortgage Rates.

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. It’s only April, and rates have already blown past those numbers. Freddie Mac announced last...

Category: For Buyers