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Should You Buy a Home with Inflation This High?

Written by Jacksonville Beach Mortgage Syndicated User on . Posted in Buying Myths, For Buyers, Jacksonville Beach Condo Financing, Jacksonville Beach Mortgage, Jacksonville Beach Mortgage Rates, Pricing.

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market: “Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are...

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Think Home Prices Are Going To Fall? Think Again

Written by Jacksonville Beach Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Jacksonville Beach Condo Financing, Jacksonville Beach Mortgage, Jacksonville Beach Mortgage Rates, Move-Up Buyers, Pricing.

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals. To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know. Home Prices Rose Significantly in Recent Years The...

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Why Pre-Approval Is a Game Changer for Homebuyers

Written by Jacksonville Beach Mortgage Syndicated User on . Posted in First Time Home Buyers, For Buyers, Jacksonville Beach Condo Financing, Jacksonville Beach Mortgage, Jacksonville Beach Mortgage Rates, Move-Up Buyers.

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this: “A pre-approval is an indication from your lender that they are willing to lend you a certain amount of...

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