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The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by St. Augustine Beach Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: ...

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Expert Housing Market Forecasts for the Second Half of the Year

Written by St. Augustine Beach Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will Go Depends on Inflation While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts...

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Why Growing Home Equity Is Great News if You Plan To Move [INFOGRAPHIC]

Written by St. Augustine Beach Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, let’s connect today. Content previously posted on Keeping Current Matters

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What Does an Economic Slowdown Mean for the Housing Market?

Written by St. Augustine Beach Mortgage Syndicated User on . Posted in For Buyers, Housing Market Updates, Interest Rates, St. Augustine Beach Condo Financing, St. Augustine Beach Mortgage, St. Augustine Beach Mortgage Rates.

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could...

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