As you think about your homeownership goals and decide if now's the time to make your move, the best place to turn to for that information is the professionals. Here's a summary of the latest mortgage rate forecasts from housing market experts.
Brenda Pedigo Weigel
Posts in category 'Buyers'
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Buyers | 30 Posts
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April
26
26
The Power of Pre-Approval
If you're buying a home this spring, today's housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it's essential to have a firm grasp on your homebuying budget. You'll also need a sense of determination to find the right house and act quickly when you go to put in an offer. One thing you can do to help you prepare is to get pre-approved.
To understand why it's such an important step, you need to know what pre-approval is. As part of the process, a lender looks at your finances to determine what they'd be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow.
April
18
18
Think Twice Before Waiting for Lower Home Prices
As the housing market continues to change, you may be wondering where it'll go from here. One factor you're probably thinking about is home prices, which have come down a bit since they peaked last June. And you've likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that's not the best strategy.
A recent survey from Zonda shows 53% of millennials are still renting right now because they're waiting for home prices to come down....
March
21
21
Here's Why the Housing Market Isn't Going To Crash [INFOGRAPHIC]
Some Highlights
- Today's housing market is different than it was in 2008.
- Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.
- If you're concerned about a crash, meet with a local real estate professional to discuss why this isn't like last time.
Contact us today to discuss the real estate market in your local area!
January
30
30
Tips To Reach Your Homebuying Goals in 2023
If HomeBuying is a goal for you in 2023, here are some tips to follow!
*Source: Keeping Current Matters, Inc
September
12
12
Expert Forecasts on Mortgage Rates
If you've been thinking of buying a home, you may have been watching what's happened with mortgage rates over the past year. It's true they've risen dramatically, but where will they go from here, especially as the market continues to slow?
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