What Are Experts Saying About the Fall Housing Market?

Written by St. Augustine Mortgage Syndicated User on October 11, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, St. Augustine, St. Augustine Mortgage.

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts are saying about the fall housing market. Expert Quotes for Fall Homebuyers A recent article from realtor.com: “This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for...

Two Questions Every Homebuyer Should Ask Themselves Right Now

Written by St. Augustine Mortgage Syndicated User on October 6, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, St. Augustine, St. Augustine Mortgage.

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this: “While even two months ago rates above 7% may have...

The Cost of Waiting for Mortgage Rates To Go Down

Written by St. Augustine Mortgage Syndicated User on October 4, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, St. Augustine, St. Augustine Mortgage.

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can comfortably afford. Here’s how it works. Let’s assume you want to buy a $400,000 home (the median-priced home according to the National Association of Realtors is $389,500)....

How an Expert Can Help You Understand Inflation & Mortgage Rates

Written by St. Augustine Mortgage Syndicated User on September 27, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, St. Augustine, St. Augustine Mortgage.

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations...

Top Reasons Homeowners Are Selling Their Houses Right Now

Written by St. Augustine Mortgage Syndicated User on September 21, 2022. Posted in For Sellers, Interest Rates, Move-Up Buyers, St. Augustine, St. Augustine Mortgage.

Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in...

Expert Forecasts on Mortgage Rates

Written by St. Augustine Mortgage Syndicated User on September 7, 2022. Posted in Housing Market Updates, Interest Rates, St. Augustine, St. Augustine Mortgage.

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts. Experts Project Mortgage Rates Will Stabilize While mortgage rates continue to fluctuate due to ongoing inflationary...

Category: Interest Rates