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Author: Davenport FL Mortgage Syndicated User

Trying To Buy a Home? Hang in There.

Written by Davenport FL Mortgage Syndicated User on . Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them.Long-Term Benefits Outweigh Short-Term ChallengesOwning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing...

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Why Aren’t Home Prices Crashing?

Written by Davenport FL Mortgage Syndicated User on . Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, For Sellers, Housing Market Updates.

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:“[H]ome...

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Two Reasons You Should Sell Your House

Written by Davenport FL Mortgage Syndicated User on . Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Sellers, Housing Market Updates, Selling Myths.

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):Let’s break those reasons down and explore how they might resonate with you.1. I Want To Take Advantage of the Current Market and Make a ProfitWhen you decide to sell your house, how much you’ll make from the sale will likely be top of mind. So, here’s some good news: according to the latest data, the average...

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Florida Mortgage | Top Reasons Why You May Want To Buy a Home

Written by Davenport FL Mortgage Syndicated User on . Posted in Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates.

Florida Mortgage | Top Reasons Why You May Want To Buy a Home Before buying a home, it’s a good idea to know why homeownership is important to you. Contact us discuss your why and prioritize your next steps. NMLS ID 1834853 #floridahomebuying #homebuyertips #fidelityhomegroup

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How Changing Mortgage Rates Can Affect You

Written by Davenport FL Mortgage Syndicated User on . Posted in Buying Myths, Davenport FL Condo Financing, Davenport FL Mortgage, Davenport FL Mortgage Rates, For Buyers, Interest Rates.

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.What This Means for YouYou may be...

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