Why Waiting To Sell Your House Could Cost You a Small Fortune

Written by Lower Keys Mortgage Syndicated User on January 5, 2022. Posted in For Sellers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Pricing, Selling Myths.

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring. 1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking...

Expert Insights on the 2022 Housing Market

Written by Lower Keys Mortgage Syndicated User on December 29, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Pricing.

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge...

Homebuyers: Be Ready To Act This Winter

Written by Lower Keys Mortgage Syndicated User on December 20, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected To Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Lower Keys Mortgage Syndicated User on December 17, 2021. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Pricing.

Some Highlights What does the coming year hold for the housing market? Here’s what experts project for 2022. Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. Let’s connect so you can make your best move in the new year. Content previously posted on Keeping Current Matters

Two Reasons Why Waiting To Buy a Home Will Cost You

Written by Lower Keys Mortgage Syndicated User on December 9, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers, Pricing.

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should buy now or wait another year, you can ask yourself two simple questions: Where will home prices be a year from now? Where will mortgage rates be a year from now? Let’s shed some light on the answers to both of these questions. Where Will Home Prices Be a Year from Now? Three major housing industry entities are projecting...

Why It Just Became Much Easier To Buy a Home

Written by Lower Keys Mortgage Syndicated User on December 7, 2021. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work. However, not every purchaser has been able to fulfill their desire for a new home. Here are two obstacles some homebuyers are facing: The...

Win When You Sell (And When You Move)

Written by Lower Keys Mortgage Syndicated User on December 6, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move. Win When You Sell Right now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect: Your House Will Stand Out – While recent data shows there are more sellers getting ready to list their homes this winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses...

How Smart Buyers Are Approaching Rising Mortgage Rates

Written by Lower Keys Mortgage Syndicated User on November 24, 2021. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” 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. Taking Time Off Can Be Costly Mortgage rates play a significant role in your home search. As rates go up, your monthly...

Don’t Believe Everything You Read: The Truth Many Headlines Overlook

Written by Lower Keys Mortgage Syndicated User on November 23, 2021. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Pricing.

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year. There are already alarmist headlines starting...

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Written by Lower Keys Mortgage Syndicated User on November 8, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Lower Keys Florida Mortgage, Lower Keys Mortgage, Move-Up Buyers.

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective....

Category: Interest Rates