4 Things to Love About the Housing Market
- ONE Marketing
- 15 hours ago
- 1 min read
With February's talk about Valentine's Day, you may be wondering what there is to love when it comes to buying, selling, or financing a home. We found plenty!
Take a few seconds to enjoy some good news today:
Mortgage rates have come down from last year's highs.¹ The Federal Reserve Board has projected more cuts to come this year.² Even though Fed actions don't directly control mortgage rates, the expectation alone can have a beneficial effect.
Home values continue to grow, which is good for building equity in your home.³ The rate of increase has slowed, which may further stabilize the market and make it easier to purchase.
Buyers have more choices. Recent reports show more homes for sale and more sellers listing their homes than last year.⁴
The income required to purchase a median priced home has dropped.⁵ That's another way of saying affordability has improved along with falling rates.
If all of that is not sweet enough, remember we have options for all sorts of borrowers:
Low down payment loans for first-time buyers
Refinancing options, including cash-out refis
Home equity products to access cash without losing your existing rate
If you or your friends or family need assistance with a purchase, refi, or home equity loan, we'll make a perfect match this Valentine's season and beyond. We'd love to be of service.
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