Housing Wire

JULY 3, 2023

homeowners with mortgages have an interest rate below 6%, according to Redfin. Competition in the industry is even more fierce with the number of mortgage transactions expected to drop to 5 million in 2023 from 16 million in 2019, Lugat said, citing data from the Mortgage Bankers Association (MBA). Nearly 92% of U.S.

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Marco Santarelli

APRIL 23, 2025

What the Experts Are Saying About 2025 According to recent data from Freddie Mac , 30-year fixed-rate mortgages are hovering around 6.8% while the 15-year fixed-rate mortgages are around 6%. This is more than double the sub-3% rates seen during the pandemic.

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Mortgages Pre-approval Fixed-rate mortgage Equity 59

Marco Santarelli

APRIL 20, 2024

The overall supply is likely to remain below pre-pandemic levels. Tips to Buy & Sell a Home in These Next 2 Years: Buyers: Conquering the Market in Higher-Rate Times The rise in mortgage rates presents challenges for buyers, but there are still strategies to navigate this market: Get Pre-Approved: Knowing your budget upfront is crucial.

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Norada Real Estate

JUNE 22, 2022

They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. Shortage of any of these factors could make you not pre-qualify for a loan. Types of Mortgage Options For Financing Turnkey Rental Properties. Fixed-rate mortgages.

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Redfin

APRIL 11, 2025

But with renovation costs on the rise, demand for move-in-ready homes is starting to outpace that of fixer-uppers. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Homeowners might also get some tax breaks for mortgage interest and property taxes, which can save you some money.

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Marco Santarelli

AUGUST 9, 2024

One of the most promising indicators is the rapid decline in mortgage rates. According to Freddie Mac, rates on 30-year fixed-rate mortgages plummeted below 6.5% Interest Rate Fluctuations: While mortgage rates have been trending downwards, it's crucial to remember that they can fluctuate.

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Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Keep in mind that you’ll need to account for taxes, insurance, repairs and renovations, along with increased utility expenses. Your mortgage payment is the largest ongoing cost of homeownership.

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