Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

Written by Space Coast Mortgage Syndicated User on May 21, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Some Highlights If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. Content previously posted on Keeping Current Matters

How Homeownership Can Bring You Joy

Written by Space Coast Mortgage Syndicated User on May 19, 2022. Posted in First Time Home Buyers, For Buyers, Rent vs. Buy, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home. A Little Change Can Bring Lots of Joy There’s a significant level of pride that comes from owning a...

Why Rising Mortgage Rates Push Buyers off the Fence

Written by Space Coast Mortgage Syndicated User on May 18, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. A...

How Today’s Mortgage Rates Impact Your Home Purchase

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. 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 is above 5%, and in the near term, experts say...

Are There More Homes Coming to the Market?

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search. Early Signs Inventory May Be Growing The latest data from realtor.com shows the number of listings coming onto the market, known...

2022 Housing Market Forecast [INFOGRAPHIC]

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year. Content previously posted on Keeping Current Matters

Three Tips for First-Time Homebuyers

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. Here are three things that can help give you the information you need to confidently pursue your dream of homeownership. 1. Consider All Options When the Number of Homes for Sale Is Low Today, there are far more buyers in the market than there are homes available for sale....

Category: First Time Home Buyers