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Tag: #spacecoastmortgage

Florida Mortgage | What’s on the Horizon for the Housing Market in the Second Half of 2022?

Written by Space Coast Mortgage Syndicated User on . Posted in Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

Florida Mortgage | What’s on the Horizon for the Housing Market in the Second Half of 2022? If you are thinking of buying or selling a home this year, it’s important to know where the market is headed and what that means for you. Let’s connect so you have the latest expert insights to help plan your next move. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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The One Thing Every Homeowner Needs To Know About a Recession

Written by Space Coast Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its...

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How Homeownership Can Bring You Joy

Written by Space Coast Mortgage Syndicated User on . 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...

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Why Rising Mortgage Rates Push Buyers off the Fence

Written by Space Coast Mortgage Syndicated User on . 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...

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What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Written by Space Coast Mortgage Syndicated User on . Posted in Distressed Properties, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. 1. There Are Fewer...

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