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All, Buying, Selling

30-Year Mortgage Interest Rates Averages 6.6%.

Freddie Mac Primary Mortgage Market Survey® (PMMS®) released today shows the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent for the week ending 12/12/2024. “The 30-year fixed-rate mortgage decreased for the third consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have […]
All, Buying, Selling

Why Moving to a More Affordable Area Makes Sense

Moving to a more affordable area could be the fresh start you need to get ahead financially. While some markets are certainly more affordable than others, know that working with a trusted real estate agent to find what fits your budget and your desired location – no matter where you want to be – is […]
All, Buying, Selling

Will Home Prices Come Down?

You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and here’s why. There are more people who want to buy a home than there […]
All, Buying, Selling

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

The most used contract for the residential sale and purchase of homes in Florida is the “As Is Residential Contract”. Many sellers in Florida instruct their real estate agents to list their residential properties for sale “As Is”. It’s important that buyers and sellers in Florida and elsewhere understand some of the considerations they should […]

All 30-Year Mortgage Interest Rates Averages 6.6%. Freddie Mac Primary Mortgage Market Survey® (PMMS®) released today shows the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent for the week ending 12/12/2024. “The 30-year fixed-rate mortgage decreased for the third consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have […]

All Why Moving to a More Affordable Area Makes Sense Moving to a more affordable area could be the fresh start you need to get ahead financially. While some markets are certainly more affordable than others, know that working with a trusted real estate agent to find what fits your budget and your desired location – no matter where you want to be – is […]

All Will Home Prices Come Down? You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and here’s why. There are more people who want to buy a home than there […]

All Should You Sell Your House As-Is or Make Repairs? The most used contract for the residential sale and purchase of homes in Florida is the “As Is Residential Contract”. Many sellers in Florida instruct their real estate agents to list their residential properties for sale “As Is”. It’s important that buyers and sellers in Florida and elsewhere understand some of the considerations they should […]

All Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash 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 Mortgage Interest Rates Tick Up Again Freddie Mac today (11/21/2024) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.84 percent. “Mortgage rates ticked back up this week, continuing to approach 7 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the holidays, purchase demand remains in the doldrums. While for-sale inventory is […]

All The Pace of Existing Home Sales To Remain Slow A report released today by Fannie Mae’s Economic and Strategic Research Group projects existing home sales will stay near historic lows through 2025. After a sharp rise in mortgage rates, sales for next year are expected to grow by only 4%, with rates forecasted to remain above 6% until at least 2026. However, there’s hope […]

All What’s Behind Today’s Mortgage Rate Volatility? 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 […]

All Is Wall Street Buying All the Homes? Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight. […]

All Don’t Let These Two Concerns Hold You Back Don’t Let These Two Concerns Hold You Back from Selling Your House If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed […]

All Mortgage Rates Stall! Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent. “After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “Our latest research shows that mortgage payments compared […]

All The Majority of Veterans Are Unaware of a Key VA Loan Benefit For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership. But according to Veterans United, only 3 in 10 Veterans realize they may be able to buy a home without needing a down payment (see visual below): That’s why it’s so important for Veterans – and anyone who […]

All Inch By Inch Mortgage Rate Increases Continue Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent. “Mortgage rates continued to inch up this week, reaching 6.79 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “It is clear purchase demand is very sensitive to mortgage rates in the current market environment. […]

All Anticipating Volatility in Today’s Housing Market? You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now. The truth is, from home prices to mortgage rates, we’re seeing more volatility – and it’s important to understand why. At a high-level, let’s break down what’s happening and the best way to navigate it. […]

All Mortgage Rates Increase for Fifth Week in a Row Freddie Mac (OTCQB: FMCC) today (10/31/2024) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.72 percent. “Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s Chief Economist. “With several potential inflection points happening over […]

All Take the Fear Out of Moving Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to […]

All Waiting for that Post Election Bounce Back With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s […]

All Will Your House Shine in Today’s Market? Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. There are several key reasons why there aren’t enough homes to go around […]

All Mortgager Rates Advance Again Freddie Mac (OTCQB: FMCC) today (10/24/2024) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.54 percent. “The continued strength in the economy drove mortgage rates higher once again this week. Over the last few years, there has been a tension between downbeat economic narrative and incoming economic […]

All Forecasting Rates and Prices in 2025 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 […]

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