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Category: Mortgage Rates

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Housing Market Forecasts for the Rest of 2025

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

If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you.Will Home Prices Fall?Many buyers are hoping home prices will come down soon. And recent headlines about prices dipping in some areas are making some people believe it’s just a matter of time before there’s a bigger drop. But here are the facts.While home price growth is slowing down, that doesn’t mean we’re headed for a crash. As...

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The Latest Mortgage Rate Forecasts

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

Some HighlightsIf you’re tempted to delay your move in hope that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast.Experts say mortgage rates are projected to stay in the 6s this year. So don’t expect a big drop.If you want to talk about what this means for your move, connect with a real estate agent. As forecasts change, having an expert who can keep you updated is essential.

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Why a Newly Built Home Might Be the Move Right Now

Written by Key West Mortgage Syndicated User on . Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Home Prices, Inventory, Key West Florida News, Key West News, Mortgage Rates, Move-Up, New Construction, Rent vs. Buy.

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s...

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Mortgage Rates Are Stabilizing – How That Helps Today’s Buyers

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

Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.Mortgage Rates Have Stabilized – For NowOver the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates...

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Why More Sellers Are Choosing To Move, Even with Today’s Rates

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

It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider.While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your knees can’t handle anymore, or being 1,000 miles from your family. And those real-life needs are pushing more sellers off the fence despite today’s rates.Data shows the share of homeowners with a mortgage rate below 3% is dropping as more people move. And, as a result, the share of homeowners taking on a...

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Thinking about an Adjustable-Rate Mortgage? Read This First.

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

If you’ve been house hunting lately, you’ve probably felt the sting of today’s mortgage rates. And it’s because of those rates and rising home prices that many homebuyers are starting to explore other types of loans to make the numbers work. And one option that’s gaining popularity? Adjustable-rate mortgages (ARMs).If you remember the crash in 2008, this may bring up some concerns. But don’t worry. Today’s ARMs aren’t the same. Here’s why.Back then, some buyers were given loans they couldn’t afford after the rates adjusted. But now, lenders are more cautious, and they evaluate whether you...

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What an Economic Slowdown Could Mean for the Housing Market

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

Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power.Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s. The facts may surprise you.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time the market saw such a...

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What You Can Do When Mortgage Rates Are a Moving Target

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

Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you’re trying to decide whether now’s a good time to buy a home.Take a look at the graph below. It uses data from Mortgage News Daily to show that after a relatively stable month of March, mortgage rates have been on a bit of a roller coaster ride in April: This kind of up-and-down volatility is expected when economic changes are happening.And that’s one of the reasons why trying to time the market isn’t your best move. You...

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4 Things To Expect from the Spring Housing Market

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

Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your move.1. There Are More Homes for SaleAfter a long stretch of tight inventory, the number of homes for sale is finally improving. According to recent national data from Realtor.com, active listings are up 27.5% compared to this time last year. Look at the graph below and follow the green line for 2025. You can see, even though inventory levels still haven’t returned...

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How To Buy a Home Without Waiting for Lower Rates

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

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.The good news? Even if they don’t drop substantially, there are still ways to make buying a home more affordable.How Much Will Rates Drop?A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.While mortgage rates are still expected to decline some later this year,...

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