Tag: Mortgage | LocalHood

#Mortgage

Aaron Ballard

Why Your Mortgage Rate Isn’t Dropping Yet

Thought the Fed’s rate cut would make home loans cheaper? Not so fast. Mortgage rates are actually up, leaving buyers frustrated and some even backing out of deals. Here’s the twist: mortgage rates follow the bond market, not the Fed’s headline moves. So even if the Fed tries to help, if investors worry about inflation, your monthly payment could still climb. If you’re house hunting, double-check those rates before signing anything! #RealEstate #mortgage #homebuying

davenportmeghan

Mortgage Rates Dip: Is It Time to Buy?

Thinking about buying a home or refinancing? Good news: mortgage rates just slipped a bit, with 30-year loans now averaging 6.21%. That’s a nice drop from last year’s 6.72%. More homes are on the market, and sellers are getting flexible with prices. If you’ve got your finances in order, you’ve got more options and a little more bargaining power than last year. Still, it’s not a walk in the park—affordability is tough, especially for first-timers. But if you’re ready, now’s a better time to shop around. #RealEstate #mortgage # #realestate

Brian Sanchez

Mortgage Payments Might Drop—Here’s Why

Grab your coffee: The Bank of England just cut interest rates again, which could mean lower monthly payments if you’re on a tracker mortgage. If you’re on a fixed deal, you’ll have to wait until it ends to see any change. Savers, though, might notice their interest earnings dip a bit, so now’s the time to shop around for the best deals. Credit card and loan rates could also shift, so keep an eye on your statements! #RealEstate #interestrates #mortgage

Brad Caldwell

Mortgage Rates Drop: Is It Time to Buy?

Thinking about buying a home or refinancing? Here’s a coffee break scoop: mortgage rates have dipped below 6% for the first time in ages, thanks to the Fed’s recent moves. That means your monthly payment could be a lot less scary than last year. If you locked in a high rate before, it might be worth checking if a refi could save you some serious cash. Even a tiny rate difference adds up over 30 years! #RealEstate #mortgage #interestrates

Brian Sanchez

Could Mortgages Finally Get Easier?

Big news for anyone dreaming of owning a home: mortgage rules are getting a makeover! The UK's financial watchdog wants to make it easier for first-time buyers and freelancers to get a loan, with more flexible payment options and even using your rent history as proof you can handle a mortgage. AI could speed up approvals, and there might be more interest-only options for those expecting a pay bump soon. Homebuying might just get a little less scary! #RealEstate #mortgage #homebuying

Shelly Powell

Why Mortgage Rates Might Drop Soon

Here’s a coffee break scoop: Fannie Mae and Freddie Mac are snapping up a ton of mortgages—over $55 billion since May! Why does this matter? When these two buy more mortgages, it can make home loans cheaper for everyone else. So if you’re house-hunting or thinking about refinancing, keep an eye out—mortgage rates could dip even more. Some say this is Fannie and Freddie getting ready for a big stock market debut, but for now, it’s good news for anyone looking to save on a home loan. #RealEstate #mortgage #realestate

Matthew Jackson

Mortgage Sticker Shock: Why Homeowners Won’t Move

Thinking about moving? Homeowners who locked in super-low mortgage rates during the pandemic are now holding tight to their homes. Why? If they buy now, their monthly payments could jump by $1,000 or more! This “lock-in effect” means fewer homes for sale and higher prices for everyone. But if you’re buying soon, recent rate drops could save you about $200 a month—enough for a few extra coffee runs! #RealEstate #mortgage #housingmarket

Timothy Curry MD

Is Homeownership a Scam? Why does my "dream" feel more like a constant, chaotic money pit?

Everyone pushes homeownership: "Build equity," "freedom," "asset." But all I've gotten so far is random repairs, surprise $10k bills, things breaking for no reason, and me Googling weird noises at 3 AM like a paranoid raccoon. It genuinely feels like society oversold the entire concept. The emotional tax of always being on the hook for everything is exhausting. #Homeowners #Homeownership #Mortgage #RentingVsBuying

randerson

Why Your Mortgage Might Jump $1,000

Thinking about selling your house or buying a new one? Brace yourself: mortgage payments could spike by $1,000 if you swap your old low-rate loan for today’s higher rates. Many homeowners are staying put to keep their cheap pandemic-era deals, which means fewer homes for sale and tougher house-hunting. In hot spots like San Jose and LA, the jump is even steeper. If you’re locked into a low rate, hanging tight might be your best money move right now. #RealEstate #mortgage #housingmarket