Walker & Dunlop’s Post

If you're considering selling your home, one key factor to keep in mind is affordability in today’s market. Understanding your home equity can make that decision easier. Two key factors impact your equity: How Long You’ve Lived in Your Home The longer you've owned your home, the more equity you likely have. From 1985 to 2009, homeowners typically stayed put for about six years. Now, the average is 10 years, and during that time, mortgage payments and rising home prices can build significant equity. Home Price Appreciation Home values generally increase over time. For example, homeowners within San Mateo County who’ve owned their property for five years have typically seen a nearly 22% increase in value, and those who’ve stayed for 10 years have seen increase by 90.48% Whether you’re downsizing or moving for a change of scenery, your equity can make a big difference. Dive into more detail within my website's blog: https://lnkd.in/gcRAZkjV Looking to capitalize on your home's equity growth? Call me now for an equity report and let's explore your options together! —— Rumana Jabeen - REALTOR® 650-743-4503 | DRE# 01296366 Keller Williams Peninsula Estates rumanajabeen.com #soldbyrumana #rumanajabeen #kwpeninsula #peninsulaproperties

What will the 2024 Spring Home Buying Season look like? Albert Lord, Founder of Lexerd Capital Management provides insights for The Mortgage Reports #ClearyStrategies #DontMissTheMoment Read the full article here: https://loom.ly/Qi6Xpjc

October Recap: Safeguarding the Path to Homeownership This month, we've delved deep into the critical aspects of the mortgage process, focusing on how thorough documentation and full disclosure protect both lenders and prospective homeowners. Key Insights: 1. The crucial role of comprehensive documentation in mortgage applications 2. Understanding lenders' requirements for detailed paperwork 3. How transparency in the process benefits all parties 4. Strategies for confidently navigating the mortgage landscape Our main takeaway: Protect your homeownership dream with thorough documentation and full disclosure. For professionals in the real estate and finance sectors, these insights are invaluable in guiding clients through the mortgage process. For potential homeowners, this knowledge is empowering, allowing for a smoother journey to property ownership. Missed our content? Catch up through: 💠 Our detailed October newsletter @ https://lnkd.in/guu27dcw 💠 In-depth blog articles on mortgage documentation @ www.karenreimer.org/blog 💠 A replay of our live video session on navigating the mortgage process on Facebook I'm interested to hear from both industry colleagues and aspiring homeowners: How has thorough documentation impacted your experiences in the mortgage process? Share your thoughts below. #MortgageIndustry #FinancialLiteracy #RealEstateInsights #KarenReimer #MortgageArchitects

Question: What's the outlook for first-time home buyers in Q4 2024? A: The fourth quarter of 2024 might seem challenging due to rising home prices and higher interest rates. But here's some good news: as interest rates start to decrease, many states are rolling out new programs for first-time home buyers who meet certain criteria. Want to take advantage of these opportunities? Contact local mortgage brokers and inquire about specialized first-time home buyer programs offered through mortgage companies or state initiatives. Example: Virginia They have a standard FHA loan with a 3.5% down payment requirement. If you haven't owned a home in the past three years and your income falls below a specific limit, the state might provide a second loan to cover your down payment. These programs often require participation in a first-time home buyer class. These initiatives make homeownership more accessible by reducing initial costs. Exploring these options lets you find easier paths to owning a home despite market difficulties. Remember to always consult with mortgage experts in your area to learn about programs you might be eligible for. Have you explored first-time home buyer programs in your state? Share your experiences or questions below! Watch me break it down: https://lnkd.in/e9VpD8Qw For a more in-depth exploration of this topic, check out: https://lnkd.in/eiwjQxbN #FirstTimeHomeBuyer #Homeownership #MortgageTips #DownPaymentAssistance #2024HousingMarket

CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION: WHERE ARE Orlando-Area INTEREST RATES RIGHT NOW? https://ow.ly/5xrK50QEgJU Mortgage News Daily: 30 Year 7.15% 15 Year 6.63% Mortgage Bankers Association: 30 Year 7.18% 15 Year 6.60% Freddie Mac Reports: 30 Year 7.09% 15 Year 6.38% These are rates directly from these entity's published information and have no bearing on the rates or fees that you may have to pay to obtain a mortgage. Your rate will always depend on your scenario and qualifications. If you have questions on a specific loan scenario, please contact me so I can personally refer you to an AWESOME local Orlando-Area Lender who will keep you up to date with the market in real time to stay a step ahead of interest rate changes and market trends so you know what is happening in the Central Florida Orlando mortgage market. As One of the Best Orlando Real Estate Agents, Realtor Scott Garrison and RE/MAX Town & Country Realty Real Estate serves the ENTIRE Central Florida Area… EVERYWHERE you would want to be! Our actual Office is closest to Winter Springs 32708, Winter Park 32792, Casselberry 32707, Oviedo 32765 & 32766, Fern Park 32730, & Maitland. #realestatemarket #realestatenews #orlandoflrealestate #floridahome #centralfloridarealestate

CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION: WHERE ARE Orlando-Area INTEREST RATES RIGHT NOW? https://ow.ly/5xrK50QEgJU Mortgage News Daily: 30 Year 6.99% 15 Year 6.40% Mortgage Bankers Association: 30 Year 7.02% 15 Year 6.60% Freddie Mac Reports: 30 Year 6.95% 15 Year 6.17% These are rates directly from these entity's published information and have no bearing on the rates or fees that you may have to pay to obtain a mortgage. Your rate will always depend on your scenario and qualifications. If you have questions on a specific loan scenario, please contact me so I can personally refer you to an AWESOME local Orlando-Area Lender who will keep you up to date with the market in real time to stay a step ahead of interest rate changes and market trends so you know what is happening in the Central Florida Orlando mortgage market. As One of the Best Orlando Real Estate Agents, Realtor Scott Garrison and RE/MAX Town & Country Realty Real Estate serves the ENTIRE Central Florida Area… EVERYWHERE you would want to be! Our actual Office is closest to Winter Springs 32708, Winter Park 32792, Casselberry 32707, Oviedo 32765 & 32766, Fern Park 32730, & Maitland. #realestatemarket #realestatenews #orlandoflrealestate #floridahome #centralfloridarealestate

Feeling stuck with your mortgage rate? Here’s what you need to know. I totally understand—today’s interest rates are making it tough to feel like a move is possible. But here’s the reality: if rates drop as many predict, there’s going to be a wave of buyers rushing back into the market. And more buyers often mean more competition, higher prices, and less room for negotiation. If you’re holding off because you have a great rate right now, here’s something to consider: preparing your home ahead of time can put you in the perfect position to sell for top dollar when the market heats up. The smart sellers are getting ready now—tackling repairs, prepping their homes, and working closely with their Realtor® to stay ahead of the curve. Let’s talk about the opportunity: if rates drop but home prices rise due to competition, you could still end up paying more in the long run. For example, if you're eyeing a $1M home today with a 6.75% interest rate, a rate drop to 5.75% would be great. But if competition pushes that home's price to $1.1M, your monthly payments could still increase, and you’d be paying higher taxes based on the new selling price. Don’t wait until the last minute. Planning ahead with your Realtor® could make all the difference in getting the best offers when the time comes to sell. Ready to make your move? Let’s chat and get your home market-ready. Send me a DM and I'll connect you with a few of my trusted lenders to help you navigate this shift. Let’s get ahead of the market together! — Alex, your local Marin County real estate expert. #MortgageRates #RealEstateMarket

As we move through 2024, here's the latest on what's happening with mortgage rates in the Mile-High City: 🌟 Current Snapshot: Average 30-year fixed rates are at about 5.5%, with 15-year rates a bit lower. This slight drop presents a great opportunity for buyers and those thinking about refinancing. 🔍 Market Dynamics: Despite the dip in rates, Denver's real estate remains fiercely competitive due to ongoing low inventory and strong demand. Home values are climbing, impacting overall affordability. 📊 Looking Ahead: With potential economic shifts and policy changes on the horizon, we're keeping a close eye on rates. Stability seems possible, but it's wise to remain cautious and informed. 🤔 Thinking of Buying or Refinancing? Now might be the time to explore your options. As your Denver mortgage expert, I'm here to help you navigate this landscape and find the best mortgage solution for you. Stay updated and make smart moves in Denver's dynamic housing market. Reach out if you need guidance or have questions about how current mortgage rates can impact your home buying or refinancing decisions! #DenverMortgageRates #RealEstateDenver #HomeBuyingTips #MortgageAdvice #DenverHomes #RefinancingOpportunities #FinancialInsights

🔑 Navigating the Real Estate Market: Insights from Barbara Corcoran In a recent discussion, real estate mogul and Shark Tank star Barbara Corcoran shared her insights on the current state of the housing market. With a slight decrease in mortgage rates, Corcoran warns of a potential surge in home prices due to increased buyer competition. 🏠💼 Her advice to prospective buyers? Don't wait on the sidelines. In a market where inventory is tight, standing out with a personal touch could be your key to success. 📊 For professionals in the real estate industry, understanding these dynamics is crucial for advising clients effectively. Check out the full article for more of Corcoran's expert analysis: Read More #RealEstateAdvice #BarbaraCorcoran #HousingMarket #ProfessionalInsights https://yhoo.it/3VLQJ23

📣 BREAKING NEWS For years, the National Association of Realtors (NAR) has been a cornerstone in establishing home sale guidelines. Now, facing a series of lawsuits, NAR has chosen to settle for $418 million, a move that includes scrapping its traditional commission rules. Our Key Takeaways: 📉 Lower Commissions: With the industry moving away from standard commission rates, agents face potential income reductions by up to 30%, fundamentally altering the dynamics of real estate transactions. 🏡 Evolving Market Dynamics: This settlement introduces a landmark change in the home buying and selling process, leading to a major transformation in the housing market. It unlocks the potential for innovative pricing models and new service offerings, thereby enhancing the home buying and selling experience for Americans. 💼 Opportunity for Agents: Amid these shifts, dual-licensing stands out as a strategic solution, offering real estate agents a pathway to supplement their income by offering mortgage as an ancillary service. This approach not only counters the expected dip in commission revenues but also enhances the value provided to homebuyers. How will these changes transform your business? Are you prepared to seize new opportunities? 👉 #Realfinity is making it easy to offer mortgage services. Partner with us: https://lnkd.in/dHtkJ_pq Source: https://lnkd.in/eJvyMCw3 #BreakingNews #NAR #Settlement #RealEstateRevolution #DualLicensing #Mortgage