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Author: Key West Mortgage Syndicated User

The Best Way To Keep Track of Mortgage Rate Trends

Written by Key West Mortgage Syndicated User on . Posted in For Buyers, Key West Florida News, Key West News, Mortgage Rates.

If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.The Latest on Mortgage RatesRates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because...

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What You Really Need To Know About Home Prices

Written by Key West Mortgage Syndicated User on . Posted in Featured, Home Prices, Key West Florida News, Key West News.

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains:“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation...

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Myths About the 2024 Housing Market [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, Forecasts, Infographics, Key West Florida News, Key West News, Selling Tips.

Some HighlightsWhen it comes to the current housing market, there are some myths circling around right now. Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments. Lean on a real estate professional to help separate fact from fiction in today’s housing market.

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Is It Getting More Affordable To Buy a Home?

Written by Key West Mortgage Syndicated User on . Posted in Affordability, For Buyers, Key West Florida News, Key West News.

Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the...

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Is It Better To Rent Than Buy a Home Right Now?

Written by Key West Mortgage Syndicated User on . Posted in Buying Tips, For Buyers, Key West Florida News, Key West News, Rent vs. Buy.

You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. And while that may be true in some markets if you just look at typical monthly payments, there’s one thing that the numbers aren’t factoring in: and that’s home equity. Here’s a look at how big of an impact equity can have and why it’s worth considering as you make your decision.What the Headlines Are Based onThe graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare...

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Bridge Loans Florida | Florida Bridge Loans

Written by Key West Mortgage Syndicated User on . Posted in Florida Keys Mortgage, Mortgage Florida Keys.

Bridge Loans Florida | Florida Bridge Loans At Fidelity Home Group, we are Florida Bridge Loan Experts! We offer more options, more transparency and a simpler way to find the right bridge loan program for your unique situation. A bridge loan is a short-term financing solution designed to bridge the financial gap between purchasing a new home and selling your current home. In situations where you intend to buy before selling, and thus lack the proceeds from the sale for your new home’s down payment, a financial challenge arises .NMLS ID 1834853 #floridabridgeloans #bridgeloansflorida...

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