mortgage rates: Mortgage Monday: Rates Rise And Sink Here Is A Great Reason To Buy
- 03/23/24 08:56 PM
In Pensacola, Florida, the average long-term U.S. mortgage rate has risen for the fourth consecutive week, presenting another setback for prospective homebuyers just as the spring homebuying season kicks off.
According to mortgage buyer Freddie Mac, the average rate on a 30-year mortgage increased to 6.94% from 6.90% last week. A year ago, the rate averaged 6.65%. Currently, the average rate sits just below its peak since mid-December, when it reached 6.95%.
As mortgage rates climb, they can significantly raise monthly costs for borrowers, limiting their purchasing power in a market that's already beyond the reach of many Americans. Moreover, they discourage homeowners … (2 comments)
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mortgage rates: Finding The Right Mortgage Is As Easy As having An Expert On Your Side
- 03/08/24 07:12 PM
As mortgage rates turn downward, Charles Stallions, our esteemed real estate expert, observes a notable rebound in mortgage applications. This trend underscores the sensitivity of homebuying demand to interest rate fluctuations.
According to Freddie Mac's latest data, the average rate for a 30-year fixed-rate mortgage dipped to 6.88% this week, marking the first decline in borrowing costs in over a month. Stallions emphasizes the significance of this shift, highlighting how even minor mortgage rate adjustments can swiftly influence prospective homebuyers' behavior.
Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether … (3 comments)
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mortgage rates: Two For Tuesday: We Give You Five That Is Changing Real Estate
- 01/21/24 05:59 AM
Two things we give you five this week: you need to know about the real estate market on the Gulf Coast when veteran realtor Charles Stallions lives and serves the Pensacola, Pace, and Gulf Breeze Florida markets.
In the ever-evolving world of real estate, each week brings forth many developments that shape the landscape of property markets, housing trends, and investment opportunities. This week's real estate news highlights various topics, from market dynamics to innovative technologies and policy changes. Let's delve into the key stories that have captured the attention of real estate enthusiasts and professionals alike.
Market Trends and Home Prices:One of … (1 comments)
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mortgage rates: Mortgage Rates Are Well Below Historical Norms In Pensacola
- 01/18/24 02:15 PM
Home buyers in Pensacola who are holding off on their purchases in hopes of lower mortgage rates may need to reconsider their strategy. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.6% this week, still below the historical norm of 7.74%. Furthermore, experts predict that mortgage rates will continue to decline throughout the year.
Jessica Lautz, deputy chief economist of the National Association of REALTORS®, encourages home buyers to take advantage of the ongoing drop in mortgage interest rates. She highlights that this week's average mortgage rates are the lowest in eight months. For those considering a home purchase, Lautz suggests … (3 comments)
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mortgage rates: Mortgage Monday: Mortgage Rates Up / Down Our Only Interest Is You
- 12/17/23 08:18 AM
For the sixth consecutive week, mortgage rates in Pensacola, Florida, experienced a decline, dropping to 7.03% from the previous week's 7.22% for a 30-year fixed-rate loan. This improvement, as noted by Freddie Mac, provides some relief, although 28-year veteran realtor, Charles Stallions, believes further drops are necessary to invigorate demand.
The trend mirrors a recent decrease in the 10-year Treasury yield, guiding lenders in loan pricing. With hopes that the Federal Reserve might halt interest rate increases to address lower inflation, this decline in yield has contributed to the lower mortgage rates.
While this downward shift is encouraging for potential homebuyers in Pensacola … (1 comments)
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mortgage rates: Mortgage Monday: A Summer High with Home Prices and Mortgage Rates
- 09/03/23 05:26 PM
Home Prices and Mortgage Rates End Summer at a High—but Fall Should Bring Buyers Hope Mortgage rates just jumped to their highest level in 20 years, averaging 7.09% for a 30-year fixed-rate home loan as of Aug. 17, according to Freddie Mac. Continue To Read And Please Share By Margaret Heidenry Pensacola to Navarre and Gulf Breeze to Jay Florida as well as all over the Gulf Coast and panhandle we have you covered. Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the … (1 comments)
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mortgage rates: How Inflation Affects Mortgage Rates In Pensacola, Pace And Gulf Breeze
- 08/14/23 02:10 PM
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know.
The Fed is trying hard to reduce inflation. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent data shows it’s still higher than the Fed’s target of 2%:
Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help … (1 comments)
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mortgage rates: Two Fact Tuesday: Real Estate As An Investment And High Mortgage Rates
- 06/27/23 11:41 AM
The Main Reason Mortgage Rates Are So High Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:
Click Here to Continue Reading & Share
Real Estate Is Still Considered the Best Long-Term Investment With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In … (1 comments)
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mortgage rates: Mortgage Monday: Mortgage Rates Fall to 6.69%, Second Straight Drop
- 06/26/23 05:42 AM
Last week, the average rate on a 30-year, fixed loan was 6.71%; last year, it was 5.78%. Freddie Mac’s chief economist credits the Fed’s interest-rate pause for the drop. By Alex Veiga Continue To Read and Share
Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation.
How to get a Mortgage and FREE Credit Report
Thinking of selling, YOU PAY US $2995. Flat Fee and 2.5% to the agent or agents selling your home, and that is it.
Not the average … (0 comments)
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mortgage rates: Mortgage Monday: The Impact of Inflation on Mortgage Rates
- 05/30/23 12:43 PM
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Click Here to Continue Reading & Share
My Home own search!
How to get a Mortgage and FREE Credit Report
We can help you relocate, find a job, and a daycare, and find great places to eat, shop, and play along the gulf coast. It all starts by clicking here. Put our over 28-plus years to work in … (0 comments)
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mortgage rates: Mortgage Monday: Buyers Are Adapting to Higher Mortgage Rates
- 05/22/23 12:58 PM
The 30-year fixed-rate mortgage has remained under 6.5% for the last few weeks, offering buyers more stability.
Mortgage rates are mostly holding steady despite ongoing economic headwinds. The 30-year fixed-rate mortgage averaged 6.39% this week, Freddie Mac reports. It’s a rate home buyers are getting used to. Click to Read and be sure to Share
My Home own search!
How to get a Mortgage and FREE Credit Report
We can help you relocate, find a job, and a daycare, and great places to eat, shop, and play along the gulf coast. It all starts by clicking here. Put our over 28-plus years to work in … (0 comments)
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mortgage rates: Mortgage Monday: Mortgage Rates Slip Amid Banking Turbulence
- 04/16/23 06:55 AM
Recent bank failures are creating economic panic, but there may be a silver lining for home buyers.
Mortgage rates, which have risen more than half a percent over the last five weeks, fell this week amid fears about the sturdiness of the nation’s banking industry. Silicon Valley Bank and two others that primarily support the technology industry shuttered operations, sending shock waves through the U.S. economy. More Info
What Is My Homes Value
Thinking of SELLING, YOU PAY US $2995. Flat Fee and 2.5% for the agent or agents selling your home, not the average 6 or 7% charged by … (0 comments)
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mortgage rates: Mortgage Monday: From Pre-Approved To Close We Find YOU The Best
- 01/30/23 12:34 AM
Are you prepping to buy your first home? If so, one of the steps you should take early on is to make sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Click Here to Continue Reading Compare Pensacola, Pace, and Gulf Breeze Mortgage Rates
Looking for the best lender in Pensacola, Pace, or Gulf Breeze Florida Just Ask The Expert who we recommend email US at Charles@charlesstallions.com and let US know if you are a veteran, first responder, or first-time buyer … (0 comments)
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mortgage rates: Will Mortgage Rates Come Down, It’s Just a Matter of Time
- 11/20/22 05:36 AM
Mortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country. Click Here to Continue Reading
Bottom Line
Serious buyers should approach rising rates as a motivating factor to buy sooner, not a reason to wait. Waiting will cost you more in the long run. Work with a real estate professional to understand your budget and how you can be prepared to buy your home … (1 comments)
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mortgage rates: We Can Help You Understand Inflation & Mortgage Rates
- 10/04/22 06:13 AM
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. 1.3KSHARES 1.1K 77 16 141 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 … (0 comments)
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mortgage rates: Bottom Line: Ask The Expert? Mortgage Rates Umm
- 09/09/22 09:19 AM
Bottom Line "There Is A Realtor For That" If you’re ready to buy or sell a home Charles Stallions with over 27 years of experience will give you expert advice on your specific situation.
Buying Or Selling while living on the Gulf Coast Sign up for our Monthly Newsletter
We are Ambassadors for all things Pensacola, Pace, or Gulf Breeze, Florida whether a first-time guest or a frequent visitor when you need to know something, an excellent place to eat, who's hiring, or just a real estate question do as the locals do call or text Charles Stallions at 850-476-4494 or email charles@charlesstallions.com It's Who We "R". … (2 comments)
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mortgage rates: Don't Let Higher Mortgage Payments Stop You From Buying
- 07/22/22 08:21 AM
Hisham Ibrahim, PhotoDisc, Getty Images By Holden LewisThe Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up a home will cost more.
MENLO PARK, Calif. – The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up.
All in the name of slowing inflation.
The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal funds rate by half a percentage … (4 comments)
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mortgage rates: Mortgage Rates, Fed Spending and How It All Comes Together
- 06/18/22 04:14 AM
The Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up ahome will cost more.
Why Home Buyers Face Higher Mortgage Rates By Holden Lewis MENLO PARK, Calif. – The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up.
All in the name of slowing inflation.
The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal funds rate by … (1 comments)
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mortgage rates: Stay Out of The Weeds when it comes to Mortgage Rates
- 05/11/22 02:57 PM
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. How Today’s Mortgage Rates Impact Your Home Purchase 1.5KSHARES 1.2K 85 16 239 Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.
Today, the average 30-year fixed mortgage rate … (1 comments)
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mortgage rates: Increased Buyer Urgency Expected Amid Rising Mortgage Rates
- 02/28/22 01:45 PM
By Jordan Grice
Despite various forecasts surrounding mortgage rates, the bottom line is that they are bound to tick up this year, leaving many wondering what this could mean for the housing market.
“Higher mortgage rates are one reason why we will move from an incredibly hot housing market to one that’s strong, but instead of having ten bidders at every open house, you get two or three buyers that are interested,” said Michael Fratantoni, chief economist at the Mortgage Bankers Association (MBA), in a recent interview with MarketWatch.
“Our forecast has that rising to about 4% by the end … (0 comments)
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In Pensacola, Florida, the average long-term U.S. mortgage rate has risen for the fourth consecutive week, presenting another setback for prospective homebuyers just as the spring homebuying season kicks off.
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