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

Written by Condotel Financing Florida Syndicated User on September 5, 2024. Posted in Agent Value, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, Mortgage, Mortgage Rates.

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. Mark Zandi, Chief Economist at Moody’s Analytics, said:“They’re ready to cut, just as long as we don’t get an inflation surprise between now and September, which we won’t.”But what does this mean for the housing market, and more importantly, for you as a potential homebuyer or seller?Why a Federal Funds Rate Cut MattersThe Federal...

2025 Housing Market Forecasts: What To Expect

Written by Condotel Financing Florida Syndicated User on August 29, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Forecasts, Home Prices, Mortgage, 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 (MBA), the...

What’s the Impact of Presidential Elections on the Housing Market?

Written by Condotel Financing Florida Syndicated User on August 28, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, For Sellers, Home Prices, Inventory, Mortgage, Mortgage Rates.

It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still a good time to make your move.Here’s the good news that may surprise you: typically, Presidential elections have only had a small, temporary impact on the housing market. But your questions are definitely worth answering,...

What Mortgage Rate Are You Waiting For?

Written by Condotel Financing Florida Syndicated User on August 27, 2024. Posted in Affordability, Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, Mortgage, Mortgage Rates.

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below):And if you’re thinking about buying a home, that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect.Expert Projections for Mortgage RatesExperts say the overall downward trend should continue as long as inflation...

Today’s Biggest Housing Market Myths

Written by Condotel Financing Florida Syndicated User on August 23, 2024. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, Mortgage, Mortgage Rates.

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.1. I’ll Get a Better Deal Once Prices CrashIf you’ve heard home prices are...

How Mortgage Rate Changes Impact Your Homebuying Power

Written by Condotel Financing Florida Syndicated User on August 20, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, For Sellers, Mortgage, Mortgage Rates.

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.What’s Happening with Mortgage Rates?Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors. Things like the economy, job market, inflation, and decisions made by...

3 Reasons To Move in Today’s Shifting Market

Written by Condotel Financing Florida Syndicated User on August 17, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Buyers, Infographics, Mortgage, Mortgage Rates.

Some HighlightsThe housing market is in a transition. And that gives you 3 key opportunities going into the fall.There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak.If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Connect with an agent to get started.?

Is Affordability Starting To Improve?

Written by Condotel Financing Florida Syndicated User on August 14, 2024. Posted in Affordability, Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, Home Prices, Mortgage, Mortgage Rates.

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:“Housing affordability is improving ever so modestly, but it is moving in the right direction.”Here’s a look at the latest data on the three biggest factors affecting home affordability: mortgage rates, home prices, and wages. 1. Mortgage RatesMortgage rates have been volatile this year,...

Mortgage Rates Down a Full Percent from Recent High

Written by Condotel Financing Florida Syndicated User on August 8, 2024. Posted in Affordability, Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, Mortgage, Mortgage Rates.

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish.Mortgage Rates Trend Down in Recent WeeksThere’s big news for mortgage rates. After the latest reports on the economy, inflation, the unemployment rate, and the Federal Reserve’s recent comments, mortgage rates started dropping a bit. And according to Freddie Mac,...

How the Economy Impacts Mortgage Rates

Written by Condotel Financing Florida Syndicated User on July 26, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, For Sellers, Mortgage, Mortgage Rates.

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage...

Category: Mortgage Rates