Mortgage Financial Corporation’s Post

“Between 2010 and 2022, the share of owner-occupied homes without a mortgage jumped from 32.1% to 38.5%. Why did the number increase so much?” Keep reading to learn more - https://lnkd.in/gkMvn67v #Independentfinancialadvisor #Compliance #financialadvisor #finance #money #trading #investment #business #wealth #entrepreneur

🏠 Curious about the General Election's impact on mortgage rates? Here’s a snapshot: As we near the election, expect some market volatility influencing rates, though the government doesn't directly control them. Recent data shows minor fluctuations in two-year fixed deal swap rates, while major lenders have kept average fixed rates steady. John Fraser-Tucker from Mojo advises not to wait if your mortgage is up soon, with rates still above 8% for standard variable and 5.1% for fixed. The housing market may see brief slowdowns in transactions, but regional trends vary. Keep an eye on rate movements post-election for housing market insights! ⭐️ #UKProperty #GeneralElection #newhome #estateagent #lettings #property #propertymanagement #sellingyourhome #buyingahome #rentalproperty #rentalproperties #landlord #tenant #forsale #movinghouse #movinghome #portishead

Where are mortgage rates today?

Should I Move with Today’s Mortgage Rates? When mortgage rates spiked up over the last few years, many homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. What Would Motivate You To Move? Now that you know why other people would move, take a minute to think about what would make a move worth it for you. Is it time to take a chance and go for your dream job, even though it’s not local? Are you looking for a neighborhood that has more to offer and a close-knit sense of community? Maybe you just need more space, you’re looking for your next great adventure, or you want a house that opens up rental opportunities to pad your income. And here’s something else to consider. Mortgage rates are still expected to go down over the course of the year. And once that happens, there’s going to be a big rush of buyers jumping back into the market. While you could delay your plans until rates drop, you’ll only have more competition with those buyers if you do. So, does that mean it’s worth it to move now, even with rates where they are? The answer is: that it depends. You'll want to consider today’s mortgage rates, where they’re expected to go from here, and what would prompt you to want to make a change as you decide on your next steps. An expert can help with that. Other homeowners are getting used to rates and deciding to move. DM me to go over what matters most to you and if it’s time for you to jump back into the market too. #ExpertAnswers #StayInformed #LuxuryRealEstate #VirginiaRealEstate

REAL Estate news you should read.

The negative here is something I challenge a lot of potential buyers to think about. Timing the market based solely on interest rates could make it harder for buyers in the future. If you’re on the fence about buying or selling, let’s schedule a time to talk and weigh your options! 📲 317-445-2656 | hpohl@truebloodre.com #indyrealtor #indianapolis #housingmarket #interestrates #buyingandselling #indianahousing #indyhomes #indyrealestate #truebloodrealestate

🚨 Mortgage Rate Update: What It Means for You 🚨 Jessica Lautz from NAR Research reports a slight drop in the 30-year fixed mortgage rate to 6.87%. Here's what you need to know: 🔹 Payments: With 20% down, a $400k home now costs ~$2,101/month. 🔹 Positive: CPI easing might lead to a Fed rate cut in 2024, improving affordability. 🔹 Negative: Limited inventory persists. Lower rates could spark bidding wars. 💡 Tip: Don’t rely solely on interest rates. Be prepared for competition and make strategic decisions! #RealEstate #MortgageRates #HomeBuying #MarketUpdate

🏠 Wondering how the economy impacts mortgage rates in Staten Island and Brooklyn? Learn about the Federal Funds Rate and its influence on housing costs. https://bhuiyan.link/z3e Stay informed with Bhuiyan Properties! #RealEstateMarket #MortgageRates #EconomicImpact

📉 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐄𝐧𝐠𝐥𝐚𝐧𝐝 𝐂𝐮𝐭𝐬 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞𝐬 𝐀𝐠𝐚𝐢𝐧 – 𝐇𝐞𝐫𝐞’𝐬 𝐖𝐡𝐚𝐭 𝐈𝐭 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐘𝐨𝐮! 📉 Yesterday, the Bank of England reduced interest rates from 𝟓% 𝐭𝐨 𝟒.𝟕𝟓%, marking the second cut this year. For homeowners, this means 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐬𝐚𝐯𝐢𝐧𝐠𝐬, especially if you’re on a base rate tracker or standard variable mortgage. Lower borrowing costs are on the horizon! 𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠? Experts anticipate a continued drop in mortgage rates, possibly reaching as low as 3% by 2025. This could be an opportune time to plan your next move in the property market. At 360 Law Services, we’re here to guide you—whether it’s purchasing, remortgaging, or investing in property. Reach out today to see how we can help you make the most of these shifting rates. 🔗 https://lnkd.in/ebtth4yr #InterestRateCut #BankOfEngland #HomeBuying #MortgageRates #PropertyInvestment #360LawServices

Mortgage interest rates are influenced by several factors, including economic conditions, inflation, the Federal Reserve's policies, and your credit score. Understanding these can help you secure better rates and save money over time. Stay informed and plan ahead! #MortgageRates #HomeBuying #FinancialTips #RealEstate #CreditScore #EconomicFactors