Saturday Strategy
Mortgage FAQ's, did you knows and much more...
New Build Financing Insights
In the current market, some new build lenders offer substantial credits to lower interest rates. While this may seem appealing, it's crucial to evaluate the long-term implications. We recently reviewed a client's loan estimate with nearly $40,000 in credits to reduce interest rates, but the home's price was only $380,000. Essentially, they were paying almost 10% more for the house upfront. Yikes! Check out this weeks Saturday Strategy Video
Check this out... the Annual Percentage Rate (APR) exists to reflect the true interest rate. In some cases, it can be deceptively high, around 11 to 13%+, due to excessive upfront costs.
Don't rush into decisions. The lowest rate with the wrong strategy can cost you thousands.
Today’s Tale of Two Housing Markets
Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets. What’s a Buyer’s Market vs. a…
More Inventory, Price Cuts, and Buyer Activity—Summer Market Heats Up
Inside Lending – For the week of JULY 28, 2025 QUOTE OF THE WEEK “A person always has two reasons for doing anything: a good reason, and the real one.”—J. P. Morgan, American financier and investment banker NATIONAL MARKET UPDATE Sales of new single-family homes kicked off the summer buying season with a small gain…
Housing Market Forecasts for the Rest of 2025
Thursday July 24th, 2025 If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Will Home Prices Fall? Many buyers are hoping…
The U.S. Foreclosure Map You Need To See
Wednesday July 23rd, 2025 Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s…
📈 The Latest Mortgage Rate Forecasts: What You Need To Know
July 22, 2025 If you’ve been holding off on buying a home in hopes that mortgage rates will drop significantly, it may be time to rethink that plan. According to the latest projections from Fannie Mae, MBA, and Wells Fargo, mortgage rates are expected to hover in the mid-6% range through at least mid-2026. The…
More Listings, Slower Price Growth = Better Buyer Conditions
Inside Lending For the week of JULY 21, 2025 QUOTE OF THE WEEK “I did not have three thousand pairs of shoes. I had one thousand and sixty.”—Imelda Marcos, Filipino politician NATIONAL MARKET UPDATE Both Housing Starts and Building Permits rebounded in June, though the gains were all due to multi-families, as single-families slipped. But…
Don’t Make These Mistakes When Selling Your House
Monday July 21st, 2025 Are you thinking about selling your house? Some common mistakes today can make the process more stressful or even cost you money. Fortunately, they’re easy to avoid, as long as you know what to watch for. Let’s break down the biggest seller slip-ups, and how an agent helps you steer clear of…
Why a Newly Built Home Might Be the Move Right Now
Thursday July 17th, 2025 Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why. There are more brand-new homes available right now than…
5-Year Rule for Home Prices – Why Long-Term Thinking Wins
If recent headlines about home prices have made you nervous, it’s time to zoom out and look at the bigger picture. Many homeowners still recall the housing crash of 2008, but history shows that was the exception, not the rule. The data proves home prices almost always go up in the long run — and…
Mortgage Rates Are Stabilizing – How That Helps Today’s Buyers
Wednesday July 16th, 2025 Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place. But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!