Why You Don’t Need To Be Afraid of Today’s Mortgage Rates

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2025. Posted in Buying Tips, Downsize, First-Time Buyers, For Buyers, For Sellers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates, Move-Up.

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.The Magic NumberAccording to the National Association of Realtors (NAR):“. . . a 30-year fixed rate mortgage of 6% would make the median-priced home affordable for about 5.5 million more households—including 1.6 million renters. If rates were to hit that magic number, it’s likely that about 10%—or 550,000—of those additional households would buy a home...

What Buyers Say They Need Most (And How the Market’s Responding)

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2025. Posted in Affordability, First-Time Buyers, For Buyers, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

A recent survey from Bank of America asked would-be homebuyers what would help them feel better about making a move, and it’s no surprise the answers have a clear theme. They want affordability to improve, specifically prices and rates (see below):Here’s the good news. While the broader economy may still feel uncertain, there are signs the housing market is showing some changes in both of those areas. Let’s break it down so you know what you’re working with.Prices Are ModeratingOver the past few years, home prices climbed fast, sometimes so fast it left many buyers feeling shut out. But...

What an Economic Slowdown Could Mean for the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on May 1, 2025. Posted in Economy, For Buyers, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power.Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s. The facts may surprise you.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time the market saw such a...

Control the Controllables If You’re Worried About Mortgage Rates

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2024. Posted in Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now, and all you really want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage rates would start to decline right away. Although some media sources may lead you to believe that the Fed’s actions determine mortgage rates, in reality, they don’t. The truth is, the Fed, the job market, inflation, geopolitical changes, and a whole list of other economic factors influence mortgage rates, too. So, while...

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

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2024. Posted in Economy, Home Prices, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

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.

This Is the Sweet Spot Homebuyers Have Been Waiting For

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in For Buyers, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

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, here’s why maybe you shouldn’t delay your plans any longer.As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?The truth is, if mortgage rates continue to ease, as experts...

Buying Beats Renting in 22 Major U.S. Cities

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in Affordability, For Buyers, Home Prices, Inventory, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.This is a big deal if you’ve been renting for a while now. But if you don’t see your city on this list, don’t sweat it. Things are moving fast, and your area...

Buy Now, or Wait?

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2024. Posted in Buying Tips, For Buyers, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Some HighlightsIf you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.

2025 Housing Market Forecasts: What To Expect

Written by Miramar Beach FL Mortgage Syndicated User on September 1, 2024. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.Mortgage Rates Are Projected To Come Down SlightlyMortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association...

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Written by Miramar Beach FL Mortgage Syndicated User on July 1, 2024. Posted in Forecasts, Home Prices, Infographics, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Mortgage Rates.

Some HighlightsWondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady.If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.

Category: Mortgage Rates