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Predictions suggest rates could drop to 5% by 2025, but uncertainties remain. Mortgage rates may decrease in 2026, with some forecasts predicting a drop to around 4.87% by January.

Florida's appeal for property buyers remains strong despite hurricane risks, with home values rising, particularly in Tampa. The warm climate attracts many, including retirees and tourists, with affordable options in popular areas like Orlando and Miami. Prospective buyers should consider legalities, taxes, and insurance costs, as well as the implications of property ownership on visa…

The central bank cut interest rates at its meeting yesterday in response to cooling inflation, but the real action came at the press conference after the meeting. Federal Reserve Chair Jerome Powell has been under pressure before, but the events of this week might have him sweating through his crisp collared shirts. The central bank…

Homebuyers can secure a mortgage interest rate below 6% by following three strategies. First, consider buying mortgage points, which can lower the rate but require an upfront fee. Second, an adjustable-rate mortgage with a 3/1 framework can offer a rate of 5.90% initially. Lastly, boosting your credit score is crucial, as the best rates are…

Mortgage rates are uncertain for 2025, with forecasts suggesting they may drop below 6% by year-end. After a brief decline following the Fed's rate cut in September 2024, rates have risen again due to a strong labor market. Experts indicate that lower rates could stimulate housing supply, but tight inventory remains a challenge. Economic factors,…

Improve your credit by making on-time debt payments and reducing credit utilization. Lower your DTI by paying off loans or reducing high credit card balances.

The Federal Reserve on Thursday is expected to announce its next policy move on interest rates in the wake of the election and after an influx of economic data. Policymakers on the Federal Open Market Committee (FOMC) are expected to announce a 25 basis point cut, lowering the benchmark federal funds rate to a range of 4.5%…

Mortgage brokers streamline securing a home loan by liaising between homeowners and lenders.They help you find a loan that best fits your financial situation.

If you’re wondering how to get approved for a home loan, here is the approval process step-by-step. First, you can get prequalified if you want a quick estimate of your home buying budget. But getting prequalified won’t give you the power to make an offer on a house like a preapproval will. Getting a preapproval…

Rising costs made housing a priority in national and local races. Housing affordability was a major factor for many early voters in the 2024 US presidential election, with 38% saying it influenced their choice, according to a recent Redfin survey. The survey, conducted by Ipsos at the end of October, highlighted the role of rising…