Will Mortgage Rates Fall This Year?

May's inflation data showed ↓ MoM, offering hope for lower mortgage rates. The Fed is aiming to bring inflation down to its 2% target, which would likely lead to lower mortgage rates.

Here’s a list of ways to improve chances of mortgage approval if you are self-employed: Make a largear down payment. Boost credit score and maintain a positive credit history. Lower debt-to-income ratio to 43% or less. Shop around for lenders experienced with self-employed borrowers. Work with a knowledgeable loan officer or mortgage broker.

Paying off your mortgage early can save thousands in interest charges. Create a budget to identify savings for extra mortgage payments and stick to it.

Contact your lender immediately to negotiate a payment plan or temporary reduction in payments to avoid worsening your situation.Review your budget to identify and cut non-essential expenses, reallocating funds to your missed mortgage payment to catch up quickly.

In 2026, tax rates are expected to rise for most taxpayers, with the biggest increase hitting middle-income earners. The standard deduction will decrease, but personal exemptions and unlimited SALT deductions will return.

Just a year ago, nearly all the measured Florida metros were at double-digit premiums, but now renters in Florida could see cheaper rents. Most of the measured cities are showing signs of rents trading either at a discount compared to long-term pricing trends or premiums of less than 1%.

Selling commercial Real Estate depends on financial strategy and market conditions.Plan for a six-month sales cycle, including preparation, marketing, and closing.

Higher mortgage rates may make buyers feel poorer, but there's hope for home sellers in 2024. Property values remain above pre-pandemic levels, and the housing inventory shortage continues. To get top dollar, sellers should consider the buyer's market, maintain and update their homes, focus on appealing photos and staging, and avoid using discount iBuyers. Continue…

Pre-qualification relies on self-reported information, while pre-approval requires documentation and a more thorough review. Pre-qualification alone may not be sufficient for sellers or agents, and a pre-approval letter is often required. The timeline for pre-qualification and pre-approval varies, with pre-qualification being quicker and pre-approval taking a few business days. Pre-qualification is suitable for those who…