Found 2 blog entries tagged as interest rates.

 

Purchasing your first home is a huge milestone, and 2024 offers a unique landscape for first-time buyers. With fluctuating interest rates and constantly changing market trends, navigating the current real estate market can feel overwhelming. But with the right preparation and the right people in your corner (hint, hint), it’s possible to turn your dream of homeownership into reality.

 

How To Succeed As A First Time Homebuyer In 2024

Here are four tips to succeed as a first-time homebuyer in 2024.

Get Pre-Approved and Set A Budget

One of the best ways to show sellers that you’re serious about buying is to get pre-approved for a mortgage. Your pre-approval not only sets your budget but also gives you an advantage in a competitive market, letting sellers know that you’re financially…

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As you’ve probably heard, interest rates are the lowest they’ve been in over a year and a half. This means more buyers are coming off the sidelines and starting their homebuying search. More buyers mean more homebuyer demand, bringing more sellers into the market looking to sell their homes for top dollar.

How Low Interest Rates Can Affect Your Purchasing Power - Shane T White - Shane T White Team - Texas Real Estate


Interest rates are a huge economic factor that affects the market's direction and where it’s going. Low interest rates can help increase your purchasing power and ability to navigate the market. Let’s dive into the importance of low interest rates below! 


Increased Borrowing

When interest rates decrease, the cost of borrowing money decreases, directly affecting how much buyers can afford. Even the slightest decrease in interest rates…

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