Category: For Buyers

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Have Home Values Hit Bottom?

Written by Rosemary Beach Mortgage Mortgage Syndicated User on January 19, 2023. Posted in For Buyers, For Sellers, Mortgage Rosemary Beach, Pricing, Rosemary Beach Mortgage.

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

Think Twice Before Waiting for 3% Mortgage Rates

Written by Rosemary Beach Mortgage Mortgage Syndicated User on January 18, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Rosemary Beach, Move-Up Buyers, Rosemary Beach Mortgage.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

What Past Recessions Tell Us About the Housing Market

Written by Rosemary Beach Mortgage Mortgage Syndicated User on January 17, 2023. Posted in For Buyers, For Sellers, Housing Market Updates, Mortgage Rosemary Beach, Rosemary Beach Mortgage.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Written by Rosemary Beach Mortgage Mortgage Syndicated User on January 14, 2023. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Mortgage Rosemary Beach, Move-Up Buyers, Rosemary Beach Mortgage.

Today’s Housing Market Is Nothing Like 15 Years Ago

Written by Rosemary Beach Mortgage Mortgage Syndicated User on January 12, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Mortgage Rosemary Beach, Rosemary Beach Mortgage.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.