Are you eyeing the housing market because you’ve noticed more homes for sale and falling mortgage rates? If you’re thinking about buying a home, getting pre-approved for a mortgage should be at the top of your list. Pre-approval involves a…
The Federal Reserve recently announced a reduction in its benchmark short-term federal funds rate by 0.5%, marking the first such cut in four years. While this news might sound like all borrowing costs will tumble—including mortgage rates—it’s important to understand…
Fluctuations in mortgage rates can significantly impact the housing market. Recently, there has been a drop in rates, and this change brings both opportunities and challenges for buyers, sellers, and industry professionals alike. For potential homebuyers, a drop in mortgage…
Starting your journey to secure a mortgage can unexpectedly open the floodgates to calls, emails, and letters from various mortgage lenders. This overwhelming influx is often due to something called “mortgage trigger leads.” If it feels like your personal information…
As we approach the next Federal Reserve (Fed) meeting scheduled for September 17-18, 2024, it’s crucial for both current homeowners and potential buyers to understand how this could influence mortgage rates. Here, we simplify what a potential rate cut means…
If you’ve been keeping an eye on the housing market the last few years, you likely already know how much the mortgage rates have significantly impacted the industry. Many people (maybe yourself included) have found it extremely challenging to afford…
Buying a home is one of the biggest financial decisions you’ll ever make in your life, and it should be a happy milestone. But, it’s also a time when you need to be extra vigilant about mortgage fraud. Believe it…
When buying a home, it’s easy to focus solely on the purchase price, but there are several hidden costs that can catch you off guard. Understanding these additional expenses is crucial for proper budgeting and avoiding financial surprises. Here’s what…
If you haven’t kept a pulse on the current real estate landscape, now is a good time to know that buyers have a little more wiggle room in negotiations. While it’s not quite a buyer’s market just yet, those looking…
As mortgage rates dip to their lowest levels in over a year, both potential homebuyers and current homeowners find themselves at a crossroads; is it time to enter the market, or is it time to refinance an existing loan? Keep…
