Will Mortgage Rates Drop Below 5% in 2026? | #CityFirstMortgage
Predictions suggest rates could drop to 5% by 2025, but uncertainties remain. Mortgage rates may decrease in 2026, with some forecasts predicting a drop to around 4.87% by January.
A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now
Marcia Castro Socas, an experienced landlord, emphasizes the importance of the landlord-tenant relationship in rental real estate. She advises against solely seeking the cheapest properties, as they may require unexpected repair costs. Castro Socas also suggests not letting market news…
Why This Winter Is the Sweet Spot for Selling
Some HighlightsThinking about selling your house? Here are a few reasons why you may want to do it this season.Buyers looking right now are serious about moving and the number of homes for sale is typically lower this time of…
Why Owning a Home Is Worth It in the Long Run
Today’s mortgage rates and home prices may have you second-guessing whether it’s still a good idea to buy a home right now. While market factors are definitely important, there’s also a bigger picture to consider: the long-term benefits of homeownership.…
Magic Mortgage Rate Revives Housing: Is It Under 6%? | #CityFirstMortgage
Experts believe the “magic mortgage rate” below 5.5% is necessary to boost home selling activity. Only 13% of homeowners would accept a rate between 6.5% and 6.99%, while 47% prefer 5.0%-5.5%.
When Will Mortgage Rates Come Down?
One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we’re all eager for some relief.While no one can…
Sell Your House During the Winter Sweet Spot
A lot of people assume spring is the ideal time to sell a house. And sure, buyer demand usually picks up at that time of year. But here’s the catch: so does your competition because a lot of people put…
Mortgage Underwriting: How Lenders Assess Your Risk | #CityFirstMortgage
Mortgage underwriting assesses credit, finances, and property value to determine mortgage application approval. Steps – Preapproval: Estimates borrowing capacity – Verification: Confirms income, assets, and credit – Appraisal: Matches property value to loan – Title search: Verifies legal ownership transfer
Saving to buy a house? Here’s where you should park your down payment money.
Saving for a home down payment can be daunting, with the average price of homes at $501,700 and median down payments at $64,000. To effectively save, consider options like high-yield savings accounts for flexibility and competitive interest rates, certificates of…
Should You Sell Your House As-Is or Make Repairs?
A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of…
