Found 2 blog entries tagged as Refinancing.

The 10-Year Treasury Hits 4.8%: What This Means for Real Estate

As the 10-year Treasury yield reaches 4.8%, the ripple effects are being felt across the real estate market, impacting buyers, sellers, and investors. Here are my thoughts on what this shift means and how we can respond to this evolving environment.

Higher Treasury Yields and Borrowing Costs

Treasury yields often set the tone for other interest rates, including mortgages. As yields rise, borrowing becomes more expensive, directly affecting affordability for homebuyers.

For homebuyers, these higher mortgage rates can significantly alter the landscape. Monthly payments increase, forcing many to either reconsider their budgets or put off purchasing altogether. This reduced…

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(Written by Bob Ruth) The first step in buying a home is deciding how much of a payment you can afford. This is usually done with the help of a loan officer who will try to get you pre-qualified for the necessary financing to buy a house. Getting pre-qualified before you go and look at houses is the best option in my opinion for 3 reasons :


1 -  You'll go out knowing how much you can afford which saves time.

2 – You’ll be less likely to look at houses that are beyond your ability to purchase...nothing is worse than falling in love with a house only to find out that you cannot get the financing because it is beyond your means financially.

3 -  The Realtor will be able to negotiate more effectively for you due to the fact that you can tell…

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