How the Economy Impacts Mortgage Rates

Written by Condotel Financing Florida Syndicated User on July 26, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, For Sellers, Mortgage, Mortgage Rates.

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage...

How Do Presidential Elections Impact the Housing Market?

Written by Condotel Financing Florida Syndicated User on July 13, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, Home Prices, Infographics, Mortgage, Mortgage Rates.

Some HighlightsAre you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.?Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly.Presidential elections have only a small and temporary impact on the housing market. If you have questions, connect with a real estate agent.

Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Written by Condotel Financing Florida Syndicated User on July 9, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, Foreclosures, Inventory, Mortgage.

Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says:“Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond.”Here’s why experts are so confident. For the market (and home prices) to crash, there would...

Focus on Time in the Market, Not Timing the Market

Written by Condotel Financing Florida Syndicated User on June 27, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, For Buyers, Home Prices, Mortgage.

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market. The Downside of Trying To Time the Market Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while...

Worried About Mortgage Rates? Control the Controllables

Written by Condotel Financing Florida Syndicated User on June 19, 2024. Posted in Buying Tips, Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, Mortgage, Mortgage Rates.

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.That’s why it’s generally not worth it to try to time the market. There’s too much at play...

How Many Homes Are Investors Actually Buying?

Written by Condotel Financing Florida Syndicated User on May 23, 2024. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Economy, Florida Condotel, Inventory, Mortgage.

Are big investors really buying up all the homes today?If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here’s the scoop on what’s really happening. A lot of the big investor activity is actually in the rearview mirror already.The Wall Street Journal (WSJ) explains:“Investors of all sizes spent...

Category: Economy