Sellers Have Incredible Leverage in Today’s Market

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in For Sellers, Housing Market Updates, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market. According to the latest Existing Home Sales Report from NAR: “From one year ago, the inventory of unsold homes decreased...

Experts Project Mortgage Rates Will Continue To Rise in 2022

Written by Sunny Isles Beach Mortgage Syndicated User on November 12, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Sunny Isles Beach, Move-Up Buyers, Pricing, Sunny Isles Beach Beach Mortgage.

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%. What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates...

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