Over the latest reporting period, mortgage interest rates in the U.S. have eased to levels not seen in roughly three years, offering a welcome shift for homebuyers and homeowners alike. According to recent data, the average 30-year fixed mortgage rate has dipped to around 6.0–6.1%, down significantly from …

Buying a home should feel exciting, not intimidating. But when we hear headlines about rising interest rates, many hopeful buyers press pause, thinking they’ll wait for “something better.” The problem? Waiting often comes with hidden costs.

The so-called “magic number”

It’s common to hear that homebuyers are …

The Federal Reserve wrapped up its September meeting last week, and while most people don’t follow the Fed’s every move, what they decided absolutely trickles down to the housing market here in Phoenix. They cut their benchmark interest rate by a quarter of a percent, which is the first …

If you’ve been following the Phoenix real estate market, you’ve probably noticed a lot of talk about inventory, home prices, and interest rates. But there’s another piece of the puzzle that gives us a good feel for where the market might be headed: mortgage delinquencies.

What’s Really Happening …

If you’ve been holding off on buying a home because of high mortgage rates, now might be the perfect time to take another look at the market. Mortgage rates have been trending downward recently, creating an opportunity for buyers to step back in.

If you’ve been holding …

Your credit score plays a big role in the homebuying process. It’s a key factor lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back.

The Myth: …

One of the biggest questions right now is: when will mortgage rates finally decrease? After years of climbing rates and ongoing fluctuations in 2024, many are eagerly awaiting relief.

While no one can predict rates with complete certainty or pinpoint timing, experts provide valuable insights into what we …

If you’ve been keeping an eye on mortgage rates, you’ve probably noticed they’re a hot topic right now. Like many others, you may be eager to hear they’re on their way down. News of the Federal Reserve cutting the Federal Funds Rate in early November might have even raised …

On November 7, 2024, the Federal Reserve reduced the federal funds rate by 0.25%, lowering it to a target range of 4.50% to 4.75%. This decision, part of a gradual rate-cutting cycle that began in September, has significant implications for mortgage rates, which have been a key concern for …

Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.

Whether you’re thinking of buying or selling, here’s a …