Florida Mortgage | Mortgage Rates Historically Decline in Recessions | Two in three economists are forecasting a recession in 2023, but you don’t need to fear the word recession when it comes to the housing market. NMLS ID 1834853 #floridamortgage #recession2023 #floridarealestate
Florida Mortgage | Things First-Time Buyers Should Know About Filing Taxes | NMLS ID 1834853 #floridamortgage #floridarealestate #floridahomebuyers #homebuyertips
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...
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...
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...
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
Florida Mortgage | What Are Your Priorities in 2023?
What are your priorities in 2023? We can help you can find a space with the features you need this year and beyond. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany