The Cost of Waiting for Mortgage Rates To Go Down

Written by Ocala Mortgage Syndicated User on October 5, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can comfortably afford. Here’s how it works. Let’s assume you want to buy a $400,000 home (the median-priced home according to the National Association of Realtors is $389,500)....

How To Prep Your House for Sale This Fall

Written by Ocala Mortgage Syndicated User on October 4, 2022. Posted in For Sellers, FSBOs, Mortgage Ocala, Ocala Mortgage, Selling Myths.

Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Here are a few simple tips to make sure you maximize the sale of your house this fall. 1. Price It Right One of the first things buyers will notice is the price of your house. That’s because the price sends a message to home shoppers. Pricing...

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on October 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage Ocala, Ocala Mortgage, Rent vs. Buy.

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

If You’re Thinking of Selling Your House This Fall, Hire a Pro

Written by Ocala Mortgage Syndicated User on September 30, 2022. Posted in For Sellers, FSBOs, Mortgage Ocala, Ocala Mortgage, Selling Myths.

Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real estate professional makes sense today. 1. A Professional Follows the Latest Market Trends With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial...

Why You Should Consider Condos as Part of Your Home Search

Written by Ocala Mortgage Syndicated User on September 29, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, and that’s giving buyers much needed options. As Danielle Hale, Chief Economist at realtor.com, says: “. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.” But perspective is important. Overall, housing...

How an Expert Can Help You Understand Inflation & Mortgage Rates

Written by Ocala Mortgage Syndicated User on September 28, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Ocala, Ocala Mortgage.

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations...

The True Strength of Homeowners Today

Written by Ocala Mortgage Syndicated User on September 27, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage.

The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12...

Fall Home Selling Checklist [INFOGRAPHIC]

Written by Ocala Mortgage Syndicated User on September 24, 2022. Posted in For Sellers, Infographics, Mortgage Ocala, Move-Up Buyers, Ocala Mortgage.

Some Highlights When it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate professional can help you decide what to do to make that happen. Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season. Content previously posted on Keeping Current Matters

Florida Mortgage | US interest rates hit 14-yr high in inflation battle

Written by Ocala Mortgage Syndicated User on September 23, 2022. Posted in Mortgage Ocala, Ocala Mortgage.

Florida Mortgage | US interest rates hit 14-yr high in inflation battle. NMLS ID 1834853 #mortgagerates #floridamortgagerates #floridamortgagecompany

What Experts Say Will Happen with Home Prices Next Year

Written by Ocala Mortgage Syndicated User on September 23, 2022. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Ocala, Ocala Mortgage, Pricing.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters...

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