Lorraine Rodriguez- Loan Consultant

Homeownership goals just got an update: the typical first-time buyer in 2023 had a median income of $97,000. 🏠
This shift reflects not just the market but the growing importance of financial readiness when planning your first purchase. Ready to make your move? Let's talk strategy!

Mortgage rates don't always fall when the Fed cuts rates. Why? The Fed cuts the federal funds rate – which is an interest rate on short-term lending – while a 30-year mortgage has a much longer duration.

One of the top questions right now is: when will mortgage rates come down?

Here’s the best answer based on the latest forecasts.

After so much volatility this year, rates are expected to stabilize and ease a bit over the next year — but it all depends on factors like inflation, unemployment, government policies, and the overall economy.

Even though experts forecast rates will come down slightly, it may be a bumpy road. DM me to make sure you stay up to date.

Waiting for older homeowners to sell their homes may not be the answer to the housing market's affordability crunch. A new study shows the areas most in need of available options are the ones with the fewest empty-nester households.

Americans believe mortgage rates will fall over the next year and it's driving consumer optimism about buying a home higher, according to the results of a new survey.

Fannie Mae expects home prices to slow in 2025, growing just 3.8 percent after a projected 5.2 percent growth in 2024.

One new housing market forecast sees a better balanced market on the way in 2025, with a growing number of available homes for sale, less buyer competition, and lower mortgage rates.

Looking to buy, but waiting for mortgage rates to come down?

Instead of trying to time the market, focus on what you can control. Things like your credit score, your loan type, and your loan term can all have an impact on your rate.

Connect with a lender to find out more and go over your options.

Where in America are people most on the move? According to one new analysis, it's Texas – where 11 percent of the population made a move within the state last year. That's 3.3 million people.

Today’s mortgage debt doesn’t mean a housing bubble is brewing.

Homeowners today have built up record equity, and it’s nearly triple the amount of mortgage debt. This extra cushion gives homeowners more security, making the market much more stable than it was in 2008.