Average 30-year mortgage rates dropped to near 6% in January. For buyers, lower rates mean the same-priced home costs less per month and you can often qualify for a higher price point with the same income. For sellers, it means increased demand, which puts you in a great position for cleaner negotiations and quicker...
Interest Rates
Some Buyers are sitting on the sidelines, hoping for a perfect storm: lower prices and lower interest rates. The Fed is expected to trim short-term rates soon, and while mortgage rates aren’t directly tied to the Fed, they often move in the same direction. But here’s the catch — waiting for both to fall perfectly into place can backfire. The Risk of Waiting: Home prices could stabilize or...
After reading many articles, looking at quite a few statistics and then trying to put it all together, I wanted to give my readers a viewpoint on what I see as a possible outlook for the Real Estate Market for 2025. (this information came mainly from Realtor.com & Albuquerque local MLS information) MORTGAGE RATES & HOME PRICES It is expected mortgage rates to average 6.3% throughout 2025,...
It is hard to understand how it can be, if the Feds make a rate cut yet mortgage rates go up! Below is an email that was sent to me by a lender at Waterstone Mortgage. I hope this can help you understand this. Banks don't always act the way you expect them to, and this week is an example. The Federal Reserve cut short-term interest rates on Dec. 18. So what did mortgage rates do? They went...
As a realtor, I have the privilege of helping people find more than just a house-I get to help them find a home. To all my clients: whether we’ve worked together on finding your dream home or selling a place filled with memories, I’m grateful for the trust you’ve place in me. Here’s to you-my clients, past, present and future. I’ll never dessert you! Happy...
The recipe for finding and securing the perfect home can be a little tricky – that’s why I’m here to help. From navigating the market to negotiating the best deal, I’ll make sure every ingredient comes together in the end. Whether you’re a first-time buyer or looking to upgrade, I’m here to make the process as smooth and stress-free as possible. Let’s find the home that’s just right for...
First-time homebuyers often need to reassess their spending habits to build a solid budget for purchasing a home. Cutting unnecessary expenses can be helpful in freeing up some more of your budget for saving each month: perhaps reducing dining out, cutting down on entertainment costs, and limiting impulse buys. If you’re ready to start the process of buying a home, send me an email or text...
As a Realtor, I get asked "when interests rate drop, should I refinance?" Well, I am not a mortgage broker, but I recently came across this article from one about this subject and felt it would be great to share. Mortgage rates have dropped. Should you refinance your home? October 8, 20241:25 PM ET Written by Laurel Wamsley Mortgage rates have dropped significantly in recent months, and that...