Why More Sellers Are Choosing To Move, Even with Today’s Rates

Written by Cedar Key Mortgage Syndicated User on June 18, 2025. Posted in Cedar Key Mortgage, For Sellers, Mortgage Cedar Key, Mortgage Rates.

It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider.While your low rate might be ideal, it doesn’t make up being too cramped, having a staircase your knees can’t handle anymore, or being 1,000 miles from your family. And those real-life needs are pushing more sellers off the fence despite today’s rates.Data shows the share of homeowners with a mortgage rate below 3% is dropping as more people move. And, as a result, the share of homeowners taking on a...

Buying Your First Home? FHA Loans Can Help

Written by Cedar Key Mortgage Syndicated User on June 9, 2025. Posted in Affordability, Buying Tips, Cedar Key Mortgage, First-Time Buyers, For Buyers, Mortgage Cedar Key, Mortgage Rates.

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan.They’re designed to help you overcome some of the biggest financial hurdles in the homebuying process – and that’s why so many first-timers are using them to make their purchase.Whether you’re dreaming of ditching rent, planting roots, or just wanting a place that’s truly yours, an FHA home loan could be the path that...

Understanding Today’s Mortgage Rates: Is 3% Coming Back?

Written by Cedar Key Mortgage Syndicated User on June 4, 2025. Posted in Buying Tips, Cedar Key Mortgage, First-Time Buyers, For Buyers, Mortgage Cedar Key, Mortgage Rates.

A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it’s time to reset expectations.Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a...

Thinking about an Adjustable-Rate Mortgage? Read This First.

Written by Cedar Key Mortgage Syndicated User on May 22, 2025. Posted in Cedar Key Mortgage, For Buyers, Mortgage Cedar Key, Mortgage Rates.

If you’ve been house hunting lately, you’ve probably felt the sting of today’s mortgage rates. And it’s because of those rates and rising home prices that many homebuyers are starting to explore other types of loans to make the numbers work. And one option that’s gaining popularity? Adjustable-rate mortgages (ARMs).If you remember the crash in 2008, this may bring up some concerns. But don’t worry. Today’s ARMs aren’t the same. Here’s why.Back then, some buyers were given loans they couldn’t afford after the rates adjusted. But now, lenders are more cautious, and they evaluate whether you...

Housing Market Forecasts for the Second Half of 2025

Written by Cedar Key Mortgage Syndicated User on May 16, 2025. Posted in Buying Tips, Cedar Key Mortgage, For Buyers, Forecasts, Infographics, Mortgage Cedar Key, Mortgage Rates.

Some HighlightsAre you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you.Mortgage rates are expected to come down slightly. There will be more homes available for sale. And as inventory rises, home price growth will moderate.Want to know what this could mean for your plans? Connect with a local agent and talk through it together.

Why Would I Move with a 3% Mortgage Rate?

Written by Cedar Key Mortgage Syndicated User on May 15, 2025. Posted in Cedar Key Mortgage, For Sellers, Mortgage Cedar Key, Mortgage Rates, Selling Tips.

If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?”But when you ask that question, you may be putting your needs on the back burner without realizing it. Most people don’t move because of their mortgage rate. They move because they want or need to. So, let’s flip the script and ask this instead: What are the chances you’ll still be in your current house 5 years from now?Think about your life for a moment. Picture what the next few years will...

Housing Market Forecasts for the Second Half of the Year

Written by Cedar Key Mortgage Syndicated User on May 8, 2025. Posted in Cedar Key Mortgage, Forecasts, Mortgage Cedar Key, Mortgage Rates.

From rising home prices to mortgage rate swings, the housing market has left a lot of people wondering what’s next – and whether now is really the right time to move. There is one place you can turn to for answers you want the most. And that’s the experts.Leading housing experts are starting to release their projections for the rest of the year. These insights will give you clarity – and a little more optimism than you might expect. Business Insider sums up the forecasts (and why they’re good news for you):“As mortgage rates go down this year, affordability may improve slightly for...

What an Economic Slowdown Could Mean for the Housing Market

Written by Cedar Key Mortgage Syndicated User on May 1, 2025. Posted in Cedar Key Mortgage, Economy, For Buyers, Home Prices, Mortgage Cedar Key, Mortgage Rates.

Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power.Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s. The facts may surprise you.A Recession Doesn’t Mean Home Prices Will FallMany people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time the market saw such a...

What You Can Do When Mortgage Rates Are a Moving Target

Written by Cedar Key Mortgage Syndicated User on April 22, 2025. Posted in Buying Tips, Cedar Key Mortgage, For Buyers, Mortgage Cedar Key, Mortgage Rates.

Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you’re trying to decide whether now’s a good time to buy a home.Take a look at the graph below. It uses data from Mortgage News Daily to show that after a relatively stable month of March, mortgage rates have been on a bit of a roller coaster ride in April: This kind of up-and-down volatility is expected when economic changes are happening.And that’s one of the reasons why trying to time the market isn’t your best move. You...

A Recession Doesn’t Mean a Housing Crisis

Written by Cedar Key Mortgage Syndicated User on April 11, 2025. Posted in Cedar Key Mortgage, Economy, Infographics, Mortgage Cedar Key, Mortgage Rates.

Some HighlightsThere’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us.While you may remember the price crash in 2008, that’s not the norm. Looking back all the way to 1980, home prices usually rise and mortgage rates tend to fall. If you have questions about buying or selling a home in today’s market, connect with a real estate agent.

Category: Mortgage Rates