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Author: Cedar Key Mortgage Syndicated User

Is the Down Payment Myth Blocking Your Path to Homeownership

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, Mortgage Cedar Key.

Is the Down Payment Myth Blocking Your Path to Homeownership? It’s a common misconception that you have to have a 20% down payment to buy a home. Let’s connect to make sure you have all the right facts and information you need if you’re buying a home this year. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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How to Stay Motivated as a Buyer in a Sellers Market

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, Mortgage Cedar Key.

How to Stay Motivated as a Buyer in a Sellers’ Market. If you’re a homebuyer, today’s market requires patience and persistence. Let’s connect to make sure you have an expert guide along the way. Fidelity Home Group Florida Mortgage Corporation. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany

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What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage Cedar Key, New Construction.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

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111,285 Reasons You Should Buy a Home This Year

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Rent vs. Buy.

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in equity builds the wealth of the individual that owns it. This wealth can be passed...

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What Do Supply and Demand Tell Us About Today’s Housing Market?

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Cedar Key, Move-Up Buyers, Pricing.

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? ...

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The Main Key To Understanding the Rise in Mortgage Rates

Written by Cedar Key Mortgage Syndicated User on . Posted in Cedar Key Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Mortgage Cedar Key, Move-Up Buyers.

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June.” The reason Khater mentions the 10-year U.S. Treasury yield is because there has been...

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