The Great Financial Crisis (GFC) was an outlier when it comes to home prices during recessions, and today’s market is a different story altogether. 1. Credit Standards Before the GFC, getting a mortgage was almost as easy as fogging a mirror. Lending standards were incredibly loose, with banks approving mortgages for borrowers who lacked solid […]
Despite falling mortgage rates, many potential homebuyers are still hesitant to enter the market. 1. High Home Prices Home prices remain high, making affordability a challenge for many buyers. Even with lower mortgage rates, the elevated cost of homes in many areas means higher down payments and larger loan amounts. This can make monthly payments
Mortgage Rates Are Falling, But Here’s 5 Reasons Why Homebuyers Are Still Holding Back Read More »
Deciding whether to buy a home or continue renting is a crucial choice, especially in today’s volatile market. 1. Understanding the 10-Year Treasury Yield and Mortgage Rates The 10-year Treasury yield can provide valuable insight into the direction of mortgage rates. When the yield on the 10-year Treasury drops, mortgage rates often follow suit and
In today’s real estate landscape, it is important to understand all financing options when one is ready to make a move. The real estate market shows homes sitting on the market longer than they have been for several years. When a homeowner is ready to make a move up, in some cases it makes sense
First-time homebuyers should take advantage of the current market conditions to build wealth. 1. Pent-Up Demand 17% of those aged 25-35 still live at home, eager to enter the housing market. Pent-Up Demand: This group represents a significant pool of potential buyers who are ready to invest in their first homes. The demand from these
Historical Context Looking at the past decade, from 2014 to 2019, the average spread between the 30-year fixed mortgage rate and the 10-year Treasury was about 2.0% (200 basis points). During the unusual period of 2020-2022, this spread decreased to approximately 1.5% (150 basis points) as the Fed bought mortgage-backed securities to keep rates low
Anticipating a Drop: How Falling Mortgage Rates in Late 2024 Could Benefit You Read More »
So often we get offers suggesting that using home equity to reduce or eliminate consumer debt is a great way to improve our monthly budget. However, it’s crucial to look beyond the initial numbers and have a plan for using the savings to boost your overall financial situation. After preparing several debt consolidation reports for
In today’s real estate market, here in Colorado, one could argue there are few bidding wars and recent data shows almost 50% of the properties are experiencing price “drops” not “increases”. Price Decreases as of July 5th2024: Moreover, the Denver-Aurora-Broomfield area has shown an increase in inventory over the last several weeks. We are now
Homeowners can tap into their home equity while keeping their low mortgage rates intact by utilizing Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs). 1. Home Equity Line of Credit (HELOC) A Home Equity Line of Credit allows homeowners to borrow against their home’s equity on an as-needed basis. HELOCs provide a
How Can Homeowners Access Their Equity Without Losing Low Mortgage Rates? Read More »
As fireworks light up the sky this Fourth of July, it’s worth reflecting on how far we’ve come since 1776. Back then, you could buy a stately colonial home in the heart of Boston for a handful of shillings — a stark contrast to today’s landscape of bidding wars and record-high prices. In a time
From Liberty to Ownership: Deciding in Today’s Housing Market Read More »
Neil Christiansen NMLS 249268
Aspire Mortgage Advisors NMLS 2617555
Regulated by the Division of Real Estate
Equal Housing Lender
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neil@aspiremortgageadvisors.com
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*Featured services are not an offer to enter into an agreement or a commitment to make a loan. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. All approvals are subject to underwriting guidelines. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. Aspire Mortgage Advisors is not affiliated with any government agencies. These materials are not from VA, HUD, or FHA, and were not approved by VA, HUD or FHA, or any other government agency. Copyright © 2024 Aspire Mortgage Advisors, branch NMLS# 2617555. 3608 Preston Rd. Suite 200, Plano, Texas 75093. www.aspiremortgageadvisors.com.
All loans subject to credit approval. Rates and fees subject to change. In accordance with Section 326 of the USA PATRIOT Act of 2001, Aspire Mortgage Advisors NMLS: 2617555 is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. Aspire Mortgage Advisors does business in the following states: TX, CO, ID, FL, OK
