Apr 29, 2024 | Housing Market Updates, Interest Rates
At the end of the day, it appears unlikely that interest rates will see drastic changes this year, and it is even less probable that they will return to the historically low levels experienced during the pandemic. According to insights from the Mortgage Bankers Association, while a gradual decline in mortgage rates is anticipated, a new normal around 5% could be expected, marking a shift in what homebuyers might consider a favorable rate moving forward. Understanding these aspects can help buyers make informed decisions in a real estate market characterized by relatively elevated mortgage rates.
Apr 29, 2024 | Housing Market Updates, Interest Rates
At the end of the day, it appears unlikely that interest rates will see drastic changes this year, and it is even less probable that they will return to the historically low levels experienced during the pandemic. For buyers, the projected environment of relatively stable but not drastically reduced interest rates means adjusting expectations and planning accordingly.
Mar 17, 2024 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates
In a competitive real estate market, distinguishing your property from others is crucial. As outlined by New American Funding, offering incentives can significantly enhance your home’s appeal, making it more attractive to potential buyers . These incentives can range from covering closing costs to providing upgrades or repairs, all aimed at making the buying process more appealing and less burdensome for the purchaser.
Feb 24, 2024 | Housing Market Updates, Interest Rates
For sellers looking to shake things up and capture the attention of hesitant buyers, considering a reverse offer could be just the strategic move you need. Remember, it’s all about understanding the market and playing your cards right. Happy selling!
Jan 30, 2024 | For Buyers, Housing Market Updates, Interest Rates
If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates.
Jan 24, 2024 | For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability.
