The Drop in Mortgage Rates Brings Good News for Homebuyers

Aging in Place, remaining in your own home, moving into a smaller home, retirement community, Housing America’s Older Adults, homeownership rates, single-family homes, single-family units, large piece of property, Retirement Report, decide to sell this house, renovate your current house, #AgingInPlace, #RemainingInYourOwnHome, #MovingIntoASmallerHome, #RetirementCommunity, #HousingAmerica’sOlderAdults, #HomeownershipRates, #Single-FamilyHomes, #Single-FamilyUnits, #LargePieceOfProperty, #R#EtirementReport, #DecideToSellThisHouse, #RenovateYourCurrentHouse, All Types of Mortgage Loans, buy or sell your own home, christian penner, Christian Penner Mortgage Team, example of an affordable housing, Fannie Mae, FHA Loans, Finance, Fix & Flip Loans, For Sale, Freddie Mac, Median Home Price, mortgage, Mortgage Broker, mortgage broker west palm beach, Mortgage Lender, mortgage lender west palm beach, Mortgage Rates, Private Loans, properties, rates, Real Estate, Reverse Mortgages Loans, Self Employed Loans, the future of multi-family housing, the price of housing, Usda Loans, VA Loans, #christianpenner, #ChristianPennerMortgageTeam, #DreamHome, #FannieMaeLoans, #FHAloans, #Fix&FlipLoans, #ForSale, #FreddieMacLoans, #HouseHunting, #JumboLoans, #mortgagebroker, #MortgageLenderWestPalmBeach, #MortgageRates, #NewHome, #PrivateLoans, #RealEstate, #ReverseMortgages, #SelfEmployedLoans, #USDALoans, #VALoans, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, palm beach mortgage, mortgage brokers palm beach county, the mortgage team, palm beach mortgage group, plam mortgage, jupiter lending, mortgage companies in florida, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, west palm beach mortgage company, mortgage rates, simple mortgage calculator, mortgage amortization calculator, mortgage calculator with pmi, mortgage calculator zillow, mortgage calculator texas, mortgage cost calculator, mortgage simple definition, va mortgage calculator, va mortgage rates, va home loan requirements, va loan benefits, va home loan benefits, va loans bad credit, va home loan certificate of eligibility, va personal loan, usda rural development, usda mortgage calculator, usda direct loan, usda mortgage rates, usda loan credit requirements, usda lenders, usda loan income limits, usda direct loan income limits, usda loan calculator, usda loan rates, usda direct loan, usda mortgage rates, usda home loan calculator, what does usda do, usda loan income requirements, usda loan eligibility map, usda loan rates 2018, usda lenders, usda loan income limits, usda business loans, usda loan home condition requirements, usda home loan map, usda credit score waiver, what does aphis stand for, quicken loans 1 down payment, fha mortgage lenders near me, usda loan requirements pa, what does fsis stand for, usda organic full form, top usda lenders, does quicken loans do 203k, where to apply for a usda home loan, mortgage calculator, what is a jumbo loan, jumbo loan rates, fha loan limits florida 2018, what is a gse loan, gse 1 unit limit, va loan limits florida, conventional loan limits florida 2018,

The Drop in Mortgage Rates Brings Good News for Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below):

 

The Drop in Mortgage Rates Brings Good News for Homebuyers | Simplifying The Market

 

But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains:

“According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a result, home buying is about 5 percent more affordable than a week ago. This translates to about $100 less every month on a mortgage payment.

That’s because when rates go up (as they have for the majority of this year), they impact how much you’ll pay in your monthly mortgage payment, which directly affects how much you can comfortably afford. The inverse is also true. A decrease in mortgage rates means an increase in your purchasing power.

The chart below shows how a half-point, or even a quarter-point, change in mortgage rates can impact your monthly payment:

 

The Drop in Mortgage Rates Brings Good News for Homebuyers | Simplifying The Market

Bottom Line

If your home doesn’t meet your needs, this may be the opportunity you’ve been waiting for. Let’s connect to see how you can benefit from the current drop in mortgage rates.

 

Read from source: “Click Me

 

Mortgage Brokers in North Palm Beach FL, Christian Penner Mortgage Team, North Palm Beach FL mortgage lender specializes in conventional, FHA, VA, Jumbo and Reverse Mortgages.

Competitive Rates, Apply Today!

America’s Mortgage Solutions, NMLS #: 2009420


 

Questions, Comments or For more information you can call

Christian Penner Branch Manager at 561-316-6800 or email us at TheMortgageTeam@ChristianPenner.com

Approval Hotline: 561-316-6800


Helping You Achieve the American Dream of Home Ownership

Or You can click “Call Me” below to call Christian Penner directly using Google Voice


[mk_padding_divider][mk_blockquote font_family=”none”]

Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team.

Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.

[/mk_blockquote]

Christian Penner

712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800

– – –


ChristianPenner.com

http://www.christianpenner.com/the-drop-in-mortgage-rates-brings-good-news-for-homebuyers/

– “The Drop in Mortgage Rates Brings Good News for Homebuyers” –

The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800