IAC’s Post

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Here's an interesting stat: "For the last 10 years, prices for new single family homes have been on average about $60,000 more than existing home sales. In May, that differential was less than $15,000." Mortgage rates, new home supply, and changes in builder offerings are all contributing to leveling the cost of buying a new home vs. existing home.

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

Thinking about buying a home but not sure if now is the right time? 🤔 It’s a big decision, and the right timing depends on your unique situation. But here’s a thought: focus on time in the market, not timing the market. Right now, you may be focused on what’s happening with mortgage rates and how those impact your monthly payment, but don’t forget to factor in home prices. Prices are expected to continue climbing, just at a more moderate pace. And while a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That’s the time in the market piece. 🏡📈 While waiting for lower rates might seem smart, remember that delaying could mean missing out on building equity now. So, if you’re ready and able, is it really worth waiting? #HomeBuying #RealEstate #LoanOfficerAdvice

#TipThursday Did you know that over the past 30 years, interest rates have typically fluctuated within a median range of 5 to 10 percent? This fact gives us valuable perspective when planning for home purchases or investments. 🏘️ The peak of interest rates occurred back in October 1981, hitting a record high of 18.6%! Imagine the impact on mortgage payments and the overall cost of owning a home during that time. Since then, rates have seen a significant decline, making homeownership more accessible to many. 💡 Got questions about current interest rates and how they might impact your home buying or selling experience? Drop us a message, and let's start a conversation! #TheWeinlandTeam #InterestRates #HomeBuying #NorthernColoradoRealtor #MarketInsights

And if you wonder why home builders are selling well despite the chart below, it is largely because they are paying roughly 6% of the mortgage amount up front to "buy down" the 30-year mortgage to a fixed rate of around 5.5%. Since the builders purchased the land several years ago, they have the high profits that allow them to do that. Eventually, the builders will run out of that land, but not soon. We have a lot more detail on what the builders are actually doing as incentives, which is actually more complicated than what I shared above. #jbrec