The Drop in Mortgage Rates Brings Good News for Homebuyers

Written by Flagler Beach Mortgage Syndicated User on July 12, 2022. Posted in First Time Home Buyers, Flagler Beach Condo Financing, Flagler Beach Mortgage, Flagler Beach Mortgage Rates, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers.

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: ...

Is Homeownership Still the American Dream?

Written by Flagler Beach Mortgage Syndicated User on July 11, 2022. Posted in First Time Home Buyers, Flagler Beach Condo Financing, Flagler Beach Mortgage, Flagler Beach Mortgage Rates, For Buyers.

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see...

Real Estate Consistently Voted Best Investment [INFOGRAPHIC]

Written by Flagler Beach Mortgage Syndicated User on July 11, 2022. Posted in First Time Home Buyers, Flagler Beach Condo Financing, Flagler Beach Mortgage, Flagler Beach Mortgage Rates, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers.

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. Content previously posted on Keeping Current Matters