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Tag: #staugustinecondotelmortgagerates

Renting vs. Buying: The Net Worth Gap You Need To See

Written by St. Augustine Mortgage Syndicated User on . Posted in For Buyers, Rent vs. Buy, St. Augustine, St. Augustine Mortgage.

Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth.Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant.On average, a homeowner’s net worth is nearly 40 times higher than a renter’s. Check out the graph below to see the difference for yourself:Why Homeowner Wealth Is So HighIn the previous version of that report, the average homeowner’s net worth was...

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What To Look For From This Week’s Fed Meeting

Written by St. Augustine Mortgage Syndicated User on . Posted in Economy, Mortgage Rates, St. Augustine, St. Augustine Mortgage.

You may be hearing a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the housing market right now. Here’s why.The Fed meets again this week to decide the next step with the Federal Funds Rate. That’s how much it costs banks to borrow from each other. Now, that’s not the same thing as setting mortgage rates, but mortgage rates can be influenced through this process. And if you’re thinking about buying or selling a home, you may be wondering about the downstream impact and when mortgage rates will come down.Here’s a quick rundown of what you need to...

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Expect the Unexpected: Anticipating Volatility in Today’s Housing Market

Written by St. Augustine Mortgage Syndicated User on . Posted in Agent Value, For Sellers, Selling Tips, St. Augustine, St. Augustine Mortgage.

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.What’s Driving Today’s Market Volatility?Factors like economic data, unemployment numbers, decisions coming out of the Federal Reserve (The Fed), and even the presidential election, are creating uncertainty right now – and uncertainty leads to market volatility.You...

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Is a Fixer Upper Right for You?

Written by St. Augustine Mortgage Syndicated User on . Posted in Affordability, Buying Tips, For Buyers, St. Augustine, St. Augustine Mortgage.

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.What Is a Fixer Upper?A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like...

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Q&A: How Do Presidential Elections Impact the Housing Market?

Written by St. Augustine Mortgage Syndicated User on . Posted in Economy, Home Prices, Infographics, Mortgage Rates, St. Augustine, St. Augustine Mortgage.

Some HighlightsEven if you’re not looking to move right away, you may have questions about how the election will impact the housing market.When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.The facts show Presidential elections only have a small and temporary impact on the housing market.

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