Why you should lock in your mortgage rate this April
Lock in your mortgage rate now to avoid potential increases in the future due to inflation and Federal Reserve actions. Buying now can also take advantage of current housing market conditions before the supply gap grows. Consider what’s best for your family and refinance later if needed. Continue to full article
Rising U.S. Mortgage Rates Further Discourage Future Homebuyers in April
This week’s rise in U.S. mortgage rates has led to doubts about future interest rate reductions for potential homebuyers. Affordability concerns are growing, causing more buyers to delay their search. The average rate for a 30-year fixed-rate mortgage is 6.82 percent, with stability expected in the near term. Continue to full article
unlimitedmortgagelending | 2024 Rate Trends: Your Financial Future Amid Cooling Inflation
The Fed has succeeded in bringing down inflation, which is a rare accomplishment in economic history. The central bank aims for a “soft landing” in 2024, cutting interest rates to maintain inflation at 2%.
unlimitedmortgagelending | $2,530 Monthly Payment: Unveiling Florida Mortgages
Florida homeowners face an avg monthly mortgage payment of $2,443. This translates to ~$29,321 paid annually towards the mortgage.
How Will the Election Affect Mortgage Rates?
Mortgage rates have been rising, impacting homebuyers and sellers. The Federal Reserve’s tight monetary policy has led to higher borrowing costs. Experts believe the election won’t affect rates significantly. Homebuyers should focus on long-term goals and be prepared for potential rate fluctuations. Continue to full article
unlimitedmortgagelending | Florida Realtors Unveil Early-Q1 2024 Home Sales Data
Florida’s 2024 housing market: – ↑ Median prices – ↑ Listings – ↑ Inventory Florida Early-Q1 saw: – Closed sales: ↑ 0.6% yearly – Prices: ↑ 3.8% yearly
Another big rate hike for Florida homeowners?
Florida homeowners face another potential rate hike as Cypress Property & Casualty Insurance Company seeks an 18.7% increase on condo policies. The proposal, if approved, will impact 7,300 policyholders. While higher rates can stabilize the insurance market, they also burden homeowners financially, potentially leading to underinsurance or coverage loss. Continue to full article
unlimitedmortgagelending | Florida’s Efforts to Reduce Homeowners Insurance Rates
Consumer protections: – SB 7052 limits insurance cancellations during claims & protects claims from insolvent companies. – More frequent mitigation discount updates & information for policyholders. Insurer accountability: 1. SB 7052 increases regulatory oversight, enforcement penalties, & reporting requirements.
5 tips on staging your home for a quick sale
To prepare your home for sale, consider staging it by cleaning thoroughly, making necessary repairs, depersonalizing, focusing on key rooms, and creating a good first impression. This will help attract potential buyers and increase the chances of selling your home quickly. Continue to full article
unlimitedmortgagelending | Florida Home Buying: Essential Checklist
Establish Budget: Set a budget considering down payment, monthly mortgage, taxes, and insurance costs. Pre-Approval for Mortgage: Secure pre-approval to determine budget and enhance credibility in the market.
