Tag: #lakelandflmortgagebroker

What’s Happening with Home Prices?

Written by Lakeland FL Mortgage Syndicated User on November 11, 2021. Posted in For Buyers, For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Pricing.

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):The increase in the rate of appreciation that’s...

How Sellers Win When Housing Inventory Is Low

Written by Lakeland FL Mortgage Syndicated User on November 10, 2021. Posted in For Sellers, Housing Market Updates, Lakeland FL Mortgage, Mortgage Lakeland FL, Pricing.

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer...

Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

Written by Lakeland FL Mortgage Syndicated User on November 9, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Lakeland FL Mortgage, Mortgage Lakeland FL, Move-Up Buyers.

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into...