Tag: Mortgage Rates

The Benefits of Using Your Equity To Make a Bigger Down Payment

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Posted on 10/18/2024

Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too. According to the...

Now’s the Time To Upgrade to Your Dream Home

Home Prices

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Posted on 10/08/2024

If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers the desire for more space or an upgraded home (see graph below): But there’s also a good chance you, like many other people, have been holding off...

Home Sellers

This Is the Sweet Spot Homebuyers Have Been Waiting For

Posted on 10/02/2024

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long. So, if you’ve put your own move on the back burner,...

Falling Mortgage Rates Are Bringing Buyers Back

First Time Homebuyers

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Posted on 09/20/2024

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with us. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut...

Home Sellers

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Posted on 09/17/2024

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently...

The Best Time To Buy a Home This Year

Posted on 09/16/2024

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is...

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

Posted on 09/10/2024

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score,...

Pre Approval

How the Federal Reserve’s Next Move Could Impact the Housing Market

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Posted on 09/07/2024

Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down. But what does this mean for the housing market, and more importantly, for you...

Housing Market