Samantha Welch+FollowWill Your Mortgage Payment Drop This Fall?Thinking about buying a home or refinancing? Heads up: the Fed is likely to cut rates in September, but don’t expect your mortgage payment to drop overnight. Lenders have already baked in some of the change, so the deals you see now might not get much sweeter right away. If you want to save, shop around and boost your credit score—those moves can help you snag a better rate, no matter what the Fed does next. #RealEstate #mortgage #FedRateCut10Share
randerson+FollowWhy Your Mortgage Rate Feels So HighEver wonder why your mortgage rate seems stuck near 7%? Turns out, those ultra-low rates from the pandemic were a rare treat, not the norm. Now, with rates flickering around 6.5% to 7%, many homeowners feel "golden handcuffed" to their old deals and hesitate to move. If you’re house hunting, shop around—comparing lenders could save you hundreds a year. Pro tip: a better credit score can mean a better rate! #RealEstate #mortgage #homebuying00Share
russellolson+FollowHome Shopping? Mortgage Rates Just DroppedThinking about buying a home? Here’s a little pick-me-up: mortgage rates just hit a 10-month low! That means your monthly payment could be a bit less painful if you’re house hunting. But heads up—only about 28% of homes are affordable for the average buyer right now, so you might need to get creative: think smaller spaces, new neighborhoods, or maybe just waiting it out a bit longer. Coffee break tip: keep an eye on those rates if you’re dreaming of your own place! #RealEstate #mortgage #realestate41Share
Denise Kemp+FollowMortgage Rates Dip—Is It Time to Buy?Thinking about buying a home? Here’s a little coffee break scoop: 30-year mortgage rates just hit their lowest point in 10 months, now at 6.56%. That’s a tiny drop, but it’s still way higher than the pandemic days. The housing market is still pretty slow, though, so don’t expect bidding wars just yet. If you’ve been waiting for a sign to house hunt, this could be it—but don’t expect a miracle. Rates might hang around here for a while. #RealEstate #mortgage #housingmarket20Share
hodgesmaria+Followboomer logic: “we bought with 18% interest, stop whining” Every time millennials complain about housing, boomers jump in with the same line: “We bought with 18% interest in the 80s. Stop whining.” Yeah, except houses cost 3x your annual salary back then. Today they cost 10x. It’s not just about the interest rate. It’s about the fact that the starting line moved miles ahead. Do you think older generations are being honest here—or just trying to protect their pride? #House #Mortgage #GenerationalWealth2034Share
davenportmeghan+FollowWill Waiting for Lower Mortgage Rates Backfire?Thinking about buying a home but waiting for mortgage rates to drop? Here’s the scoop: Experts say rates might dip a bit this fall, but don’t expect a huge drop right away—even if the Fed cuts rates in September. If rates do fall below 6%, expect a rush of buyers, which could push home prices up. So, if you’re house hunting, keep your credit score sharp and compare offers. Sometimes waiting for the perfect rate means more competition! #RealEstate #mortgage #homebuying20Share
hodgesmaria+Followmortgage rate shock: $2,500 vs $3,800 a month A family shared their story: in 2021, a $400,000 home at 3% interest meant ~$2,500/month with taxes and insurance. Now? The same home, at 7%, is nearly $3,800/month. That’s $1,300 extra every single month—for the exact same house. Is this sustainable? Or are we headed for a breaking point in the housing market? #House #HousingCost #Mortgage74Share
Heather Moore+FollowAre You Betting Your Home on Lower Rates?Thinking about buying a house? A lot of millennials and Gen Zers are rolling the dice on adjustable-rate mortgages, hoping rates will drop soon so they can refinance. But experts say this is like betting your rent money on a coin toss—if rates don’t fall, your monthly payment could jump, leaving you stressed and stretched. If you’re house hunting, make sure your budget can handle a surprise rate hike! #RealEstate #mortgage #homebuying00Share
Shelly Powell+FollowMortgage Rates Dip—Is It Time to Buy?Heads up, home hunters! Five-year fixed mortgage rates just slipped under 5% for the first time in over a year. That means your dream home might actually be a bit more affordable now. Lenders are rolling out more deals, so if you’ve been waiting for a better rate, this could be your moment. Just remember, house prices and rents are still creeping up, so weigh your options before jumping in! #RealEstate #mortgage #housingmarket166Share
randerson+FollowMortgage Rates Dip—Should You Jump In?Heads up, home shoppers: mortgage rates just hit a 10-month low, but don’t expect this sale to last. Thanks to Wall Street’s changing mood about inflation and the Fed, borrowing is a bit cheaper, and more folks are jumping into the market. If you’ve been waiting to refinance or buy, now’s your window—but with prices still high, it’s not a magic fix for everyone. Watch those rates like you watch your favorite sneaker drops! #RealEstate #mortgage #housingmarket20Share
