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Author: Hollywood FL Mortgage Syndicated User

Fidelity Home Group | The Latest Mortgage Rate Forecasts

Written by Hollywood FL Mortgage Syndicated User on . Posted in Hollywood FL Mortgage, Hollywood FL Mortgage Rates.

The Latest Mortgage Rate Forecasts f you’re tempted to wait for rates to come down before you buy a home, here’s what you should know. Based on expert forecasts, mortgage rates are expected to stay in the 6s this year. Let’s talk about what this means for your move and how to factor this into your plans. NMLS ID 1834853 #fidelityhomegroup #floridamortgage #floridamortgagerates #floridamortgagecompany #mortgagetips #mortgagerates Data Sources https://www.fanniemae.com/media/55871/display...

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Why Buyers and Sellers Face Very Different Conditions Today

Written by Hollywood FL Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Home Prices, Inventory.

There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what’s happening in your state?These 3 maps show how the split is playing out across the country. In each one:Darker Shades of Blue = Buyer friendlyLighter Shades of Blue = Seller strongInventory Sets the StageWhile the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage...

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3 Reasons Affordability Is Showing Signs of Improvement This Fall

Written by Hollywood FL Mortgage Syndicated User on . Posted in Affordability, Buying Tips, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates.

For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them.But there’s some encouraging news. If you’ve been waiting for a better time to jump back in, affordability may finally be showing signs of improvement this fall.The latest data from Redfin shows the typical monthly mortgage payment has been coming down, and is now about $290 lower than it was just a few months ago (see graph below):And here’s why this is...

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Do You Know How Much Your House Is Really Worth?

Written by Hollywood FL Mortgage Syndicated User on . Posted in Equity, For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Selling Tips.

Want to know something important you probably don’t have a professional check for you nearly as often as you should? Spoiler alert: it’s the value of your home.Because here’s the reality. Your house is likely the biggest financial asset you have. And if you’ve lived in it for a few years or more, chances are it’s been quietly building wealth for you in the background – even if you haven’t been keeping tabs on it.You might be surprised by just how much it’s grown, even as the market has shifted over the past few months.What Is Home Equity?That hidden wealth in your home is called equity....

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Why Now May Be a Key 2025 Moment To Sell Your House

Written by Hollywood FL Mortgage Syndicated User on . Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Mortgage Rates, Selling Tips.

Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in.According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week of September last year.If you’ve been waiting to sell, or your listing recently expired because the market was slower than you hoped it would be, now’s the time to reconsider your move. Buyer demand is the highest it’s been since July – and you don’t want to miss this...

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What a Fed Rate Cut Could Mean for Mortgage Rates

Written by Hollywood FL Mortgage Syndicated User on . Posted in Affordability, Economy, For Buyers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Mortgage Rates.

The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion.The Fed Doesn’t Directly Set Mortgage RatesRight now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds Rate at their mid-September meeting to try to head off a potential recession.According to the CME FedWatch Tool, markets are already betting on it. There’s virtually a 100% chance of a September cut. And based on what we know now, there’s about a 92% chance it’ll be a...

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Patience Won’t Sell Your House. Pricing Will.

Written by Hollywood FL Mortgage Syndicated User on . Posted in For Sellers, Hollywood FL Mortgage, Hollywood FL Mortgage Rates, Home Prices, Selling Tips.

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why.Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:“Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and now above pre-pandemic norms for the second consecutive month. This was the 17th straight month of year-over-year increases in time on market.”Part of that is because there are more homes on the market. So, with more...

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