NEWS & INSIGHTS

Rate Hike Again? The Fed raised its policy rate by 0.25 percentage points in September, and CME FedWatch now shows traders pricing in roughly a 70% chance of another increase in October. Even it doesn’t necessarily mean the mortgage rate will rise again in Oct, but it shows a trend of where the rate is going. As we talk with buyers, here are three things worth keeping in mind: 1️⃣ Focus on negotiating seller concessions. A credit may make a bigger difference to a buyer’s near

Why Now May Still Be the Right Time to Buy Agreed 50%. The housing market is slow not only because of interest rates, but because of broader concerns about the economy and financial stability. As loan originators, our job is not to push people who are not ready into a 30-year mortgage. It is to help those who can genuinely benefit from homeownership today make an informed and responsible decision. #HousingMarket #Homeownership #MortgageAdvice #ResponsibleLending #FinancialRea

First-Time Homebuyer Math: $226,000 Purchase, ~$500 Cash to Close Today, I sat down and did the math for a first-time homebuyer. Purchase price: $226,000. Estimated cash to close: $500. Yes—just FIVE HUNDRED DOLLARS. How is that possible? The buyer qualifies for: • 0% down • Up to $15,000 in forgivable assistance toward eligible closing costs and downpayment, but limited to 6% of the purchase price • No monthly PMI The interest rate is 7.375%. That number may sound high at fi