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Category: Interest Rates

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What Are Your Goals in the Housing Market This Year?

Written by Navarre Mortgage Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Interest Rates, Mortgage Navarre FL, Move-Up Buyers, Navarre Mortgage.

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why it’s critical to have a clear understanding of not just the market today, but also what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this...

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What To Expect From the Housing Market in 2023

Written by Navarre Mortgage Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Interest Rates, Mortgage Navarre FL, Navarre Mortgage, Pricing.

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans on hold and decided to wait until the market felt a bit more predictable. But...

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Mortgage Rates Are Dropping. What Does That Mean for You?

Written by Navarre Mortgage Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Navarre FL, Move-Up Buyers, Navarre Mortgage.

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result,...

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2023 Housing Market Forecast [INFOGRAPHIC]

Written by Navarre Mortgage Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Mortgage Navarre FL, Navarre Mortgage.

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR) Mortgage Bankers Association (MBA) Fannie Mae Freddie Mac Zelman & Associates Greg McBride, Chief Financial Analyst, Bankrate Content previously posted on Keeping Current Matters

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