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What’s Really Happening with Home Prices?
Lately, you might have seen some news headlines suggesting that the “median” asking price of homes is falling, which can make it seem like homes are getting cheaper overall. However,…
The Importance of Pre-Approval in Your Homebuying Journey
Are you eyeing the housing market because you’ve noticed more homes for sale and falling mortgage rates? If you’re thinking about buying a home, getting pre-approved for a mortgage should…
How the Next Federal Reserve Meeting Could Affect Your Mortgage Rates
As we approach the next Federal Reserve (Fed) meeting scheduled for September 17-18, 2024, it’s crucial for both current homeowners and potential buyers to understand how this could influence mortgage…
What You Need to Know About the Recession That Has Already Begun and How It Will Affect Home Prices
2024 began with optimism for the economy. Despite relatively high interest rates and efforts by the Federal Reserve to slow the pace of the economy in order to reduce the…
Protect Your Investment: Top Tips for Mortgage Fraud Prevention
Buying a home is one of the biggest financial decisions you’ll ever make in your life, and it should be a happy milestone. But, it’s also a time when you…
Navigating Negotiations: A Buyer and Seller Guide from NEO Home Loans
If you haven’t kept a pulse on the current real estate landscape, now is a good time to know that buyers have a little more wiggle room in negotiations. While…
Is Now the Right Time to Buy? Navigating Lower Mortgage Rates with Confidence
As mortgage rates dip to their lowest levels in over a year, both potential homebuyers and current homeowners find themselves at a crossroads; is it time to enter the market,…
Why Tapping into the Equity in Your Home with a Cash-Out Refinance May Make Sense
Have you heard about cash-out refinancing? It’s a powerful financial tool that allows you to leverage the equity in your home to meet various needs. Even with today’s average mortgage…
1% Less, 5 Million More: The Significant Impact of Dropping Mortgage Rates
In today’s housing market, mortgage rates stand at about 7.5% for a 30-year fixed-rate loan. While these rates seem high compared to the historically low rates below 4% in 2020…