Mortgage rates are moving in the right direction! In this week's Rate Watch update, I discuss the latest mortgage rate trends, explains why rates have improved, and answers one of the biggest questions facing homebuyers today: Should you buy now or wait?
I share insights on current mortgage rates, home price appreciation, and why waiting for rates to drop further may not always be the best financial decision. If you're considering buying a home, this update will help you make a more informed decision.
✅ Current mortgage rate trends
✅ Buy now vs. wait analysis
✅ Home price appreciation insights
✅ Tips for homebuyers in today's market
#MortgageRates #HomeBuying #RealEstate #MortgageTips #InterestRates #FirstTimeHomeBuyer #HousingMarket #RateWatch
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
Key Takeaways:
1. Mortgage Rate Update
Rates have continued to decline. Improvement of approximately 20 basis points since the last report. Current rates are in the low-to-mid 6% range.
2. What This Means for Buyers
Lower rates can improve affordability. Buyers may qualify for better monthly payments than before.
3. Buy Now or Wait?
A frequent question from homebuyers. My perspective: buying sooner may be advantageous.
4. Home Price Appreciation
Home values are increasing approximately 3–5% annually. Delaying a purchase could mean paying substantially more for the same property.
5. Final Recommendation
If you find a home you like and can comfortably afford it, consider purchasing now. Don't let market uncertainty or negative headlines prevent you from acting. Reach out to a mortgage professional for personalized guidance.
Timestamps:
0:00 – Mortgage Rates Are Improving
Dave announces that mortgage rates have fallen by about 20 basis points and are now in the lower-to-mid 6% range.
0:24 – Should You Buy Now or Wait?
He addresses a common buyer concern and discusses ongoing home price appreciation.
0:45 – Why Waiting Could Cost More
Dave explains that waiting a few months could result in paying significantly more for a home due to rising prices.
1:03 – Closing Thoughts
He encourages viewers to reach out with questions and emphasizes that he's available to help.
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
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