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What recent bank failures mean for mortgage rates (and you)-Todd Mowry Your Local Orlando Area Realtor
The recent collapse of Silicon Valley and Signature banks sent shockwaves through the financial sector, causing a ripple effect through the economy.
While the situation has been challenging, there’s also been a silver lining in real estate:
Mortgage rates are down.
Read on for a summary of the situation, as well as what it means for homebuyers, sellers, and owners like you.
8 Strategies You Must Know to Secure a Lower Mortgage Rate- Todd Mowry Your Local Orlando Area Realtor
How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.
Im Pre Qualified and Found a House Now What? By Todd Mowry-Local Orlando Realtor
What happens in the mortgage loan process after you get pre-qualified and have found a house to buy? Getting a pre-qualification is not exactly what it sounds like. Most people think this is all I need to buy a home. Pre-qualification is just a quick look at your credit and income to see if you canContinue reading “Im Pre Qualified and Found a House Now What? By Todd Mowry-Local Orlando Realtor”