Will Mortgage Rates Ever Be 4% Again? | #CityFirstMortgage
Consensus on eventual rate decline, but 4% remains uncertain. Inflation control is critical for future rate cuts.
How to Buy a Foreclosed Home
Foreclosed properties are sold at a discount but come with risks like repairs and title issues. Buyers can find them online or in newspapers. Getting a mortgage pre-approval is crucial. Renovation loans can help with repairs. Research the property's history…
2025 Mortgage Rates May Fall Below 6.5% | #CityFirstMortgage
If the job market softens to manage inflation, a rate cut could occur late this year, slightly easing 2024 mortgage rates. Rates could drop below 6.5% by 2025, making homeownership more affordable and stimulating the housing market.
Happy Labor Day | #CityFirstMortgage
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance…
How to calculate your mortgage payments: Fixed vs. variable rates
Understanding mortgage payments is key for borrowers. Fixed-rate mortgages provide stability with unchanging interest rates, ensuring predictable payments. Conversely, variable-rate mortgages have fluctuating interest rates linked to market changes, offering lower initial rates but higher risks. The calculation of fixed-rate…
California Housing Market Rebounds Amidst Falling Mortgage Rates
The California housing market rebounded in July, with home sales reaching a five-month high, driven by declining mortgage rates. Existing single-family home sales rose 3.6% from June and 4.1% year-over-year, totaling 279,810. The statewide median home price fell slightly to…
Refinance Right: Expert Mortgage Tips | #CityFirstMortgage
Check your financial health, focusing on credit score and debt-to-income ratio. Understand your home equity, including how much you’ve built up and its current appraised value.
6% Could Be the New Normal for Mortgage Rates | #CityFirstMortgage
Association of Realtors, mortgage rates are likely to stabilize ~6%. The long-term avg for mortgage rates is ~7%, indicating that the current rates are not abnormally high.
Hunt for Your Dream Home: Tips | #CityFirstMortgage
Community amenities enhance your living experience, making a neighborhood truly exceptional and welcoming. A clubhouse serves as the social hub, perfect for events and fostering neighborly connections.
Maximize Investment: Top Real Estate Tips | #CityFirstMortgage
Assess building type and market trends before investing in commercial Real Estate. E-commerce growth increases demand for industrial warehouses and multi-family apartments.
