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Category: Interest Rates

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This Spring Presents Sellers with a Golden Opportunity

Written by Condotel Financing Florida Syndicated User on . Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Housing Market Updates, Interest Rates, Mortgage, Move-Up Buyers, Pricing.

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity. 1. The Number of Homes on the Market Is Still Low Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available....

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Key Terms for Homebuyers [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on . Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Down Payments, First Time Home Buyers, Florida Condotel, For Buyers, Infographics, Interest Rates, Mortgage, Move-Up Buyers.

Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction. Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up. Content previously...

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Key Factors That Impact Affordability Today

Written by Condotel Financing Florida Syndicated User on . Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Housing Market Updates, Interest Rates, Mortgage, Move-Up Buyers, Pricing.

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components. 1. Home Prices The most recent Home Price Insights report by CoreLogic shows home values have increased by 19.1% from last January to this January. That was one reason...

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How Global Uncertainty Is Impacting Mortgage Rates

Written by Condotel Financing Florida Syndicated User on . Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage.

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has dropped slightly over the past few weeks (see graph below): The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected. Here’s a look...

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