Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in. According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week ...
Continue ReadingOnly 2% of home sales are foreclosures or short sales right now. Want to know what’s happening in our local market? Let’s connect. #Foreclosures #HousingMarketUpdate #KeepingCurrentMatters ...
Continue ReadingThe Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut ...
Continue ReadingBuying a new home when you already own one is tricky in almost any market. But when there’s limited inventory or a flood of buyers competing for the same properties, it gets even trickier. Even in a slower market, the logistics can still be stressful. Plenty of homeowners start out ...
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