Why You Don’t Need To Be Afraid of Today’s Mortgage Rates

Written by Treasure Island FL Mortgage Syndicated User on November 1, 2025. Posted in Buying Tips, Downsize, First-Time Buyers, For Buyers, For Sellers, Mortgage Rates, Mortgage Treasure Island FL, Move-Up, Treasure Island FL Mortgage.

Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.The Magic NumberAccording to the National Association of Realtors (NAR):“. . . a 30-year fixed rate mortgage of 6% would make the median-priced home affordable for about 5.5 million more households—including 1.6 million renters. If rates were to hit that magic number, it’s likely that about 10%—or 550,000—of those additional households would buy a home...

Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2025. Posted in First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs.Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down.What Are Closing Costs?Your closing costs are the additional fees and payments you make when finalizing your home purchase. Every buyer has them. According to Freddie Mac, they typically include things like homeowner insurance and title insurance, as well as various fees for your:Loan applicationCredit...

Why Buyers and Sellers Face Very Different Conditions Today

Written by Treasure Island FL Mortgage Syndicated User on October 1, 2025. Posted in For Buyers, For Sellers, Home Prices, Inventory, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what’s happening in your state?These 3 maps show how the split is playing out across the country. In each one:Darker Shades of Blue = Buyer friendlyLighter Shades of Blue = Seller strongInventory Sets the StageWhile the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage...

What Everyone’s Getting Wrong About the Rise in New Home Inventory

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2025. Posted in For Buyers, Mortgage Treasure Island FL, New Construction, Treasure Island FL Mortgage.

You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary.But here’s what you need to remember: a lot of what you see online is designed to get clicks. So, you may not be getting the full story. A closer look at the data and a little expert insight can change your perspective completely.Why This Isn’t Like 2008While it’s true the number of new homes on the market hit its highest level since the crash, that’s not a reason to worry. That’s because...

Should You Still Expect a Bidding War?

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2025. Posted in First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go.While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 homes (20%) nationally received multiple offers in June 2025.That’s down from nearly 1 in 3 (31%) just a year ago – and dramatically lower than in June 2023 (39%) (see graph below):This trend means you should face less competition when you buy. That gives you more time to make decisions and the...

What Credit Score Do You Really Need To Buy a Home?

Written by Treasure Island FL Mortgage Syndicated User on August 1, 2025. Posted in Buying Tips, First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed.Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that could make you think buying a home is out of reach for you right now, even if that’s not necessarily true. So, let’s look at what the data really says about credit scores and homebuying.There’s No One Magic NumberThere’s no universal credit score you absolutely have to have when buying a home. And that means there’s...

Home Price Forecasts for the Second Half of 2025

Written by Treasure Island FL Mortgage Syndicated User on August 1, 2025. Posted in For Buyers, For Sellers, Forecasts, Home Prices, Infographics, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Some HighlightsWith all the headlines circulating recently, you may be wondering what’s next for home prices? Here’s what the expert forecasts say.Home prices are still forecast to rise nationally this year, just at a much slower pace. But price trends are going to vary by area.To have a quick conversation about what’s happening in your local market, connect with a real estate agent.

Multi-Generational Homebuying Hit a Record High – Here’s Why

Written by Treasure Island FL Mortgage Syndicated User on July 1, 2025. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Multi-generational living is on the rise. According to the National Association of Realtors (NAR), 17% of homebuyers purchase a home to share with parents, adult children, or extended family. That’s the highest share ever recorded by NAR (see graph below):And what’s behind the increase? Affordability. NAR explains:“In 2024, a notable 36% of homebuyers cited “cost savings” as the primary reason for purchasing a multigenerational home—a significant increase from just 15% in 2015.”In the past, caregiving was the leading motivator – especially for those looking to support aging parents. And...

Think It’s Better To Wait for a Recession Before You Move? Think Again.

Written by Treasure Island FL Mortgage Syndicated User on July 1, 2025. Posted in Economy, For Buyers, For Sellers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Fear of a recession is back in the headlines. And if you’re thinking about buying or selling sometime soon, that may leave you wondering if you should reconsider the timing of your move.A recent survey by John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM) shows 68% of people are delaying plans to buy or sell due to economic uncertainty.But it may not be for the reason you think. Not everyone is holding off because they’re worried. Some buyers are waiting because they’re hopeful. According to Realtor.com:“In 2025Q1, 3 in 10 (29.8% of) surveyed homebuyers said a...

Is It Better To Rent or Buy a Home?

Written by Treasure Island FL Mortgage Syndicated User on June 1, 2025. Posted in First-Time Buyers, For Buyers, Mortgage Treasure Island FL, Rent vs. Buy, Treasure Island FL Mortgage.

You’ve probably asked yourself lately: Is it even worth trying to buy a home right now?With high home prices and stubborn mortgage rates, renting can seem like the safer choice right now. Or maybe your only choice. That’s a very real feeling. And perhaps buying today isn’t your best move; it’s not for everyone right away. You should only buy a home when you’re ready and able to do it, and if the timing is right for you.But here’s the thing you need to know about renting.While it may feel like a safer bet today – and in some areas might even be less expensive month-to-month than owning – it...

Category: For Buyers