🎢🔨 Folks, strap in for a wild ride on the rollercoaster of rates and the big rethink on renovations! It's your trusty guide, Peter D'Angelo, steering through another episode of "Mortgage, Markets, and More" to kickstart your new week with a bang! 🚀
🏠 So you've been eyeing the soaring highs and dizzying drops of the mortgage rate charts, and you might be wondering—what now? Well, I'm peeling back the curtain to reveal strategies that could be your golden ticket to home ownership, even in an up and down market. 🎫💡
Here's the scoop on the rates:
- The 30-year fixed rate is perched at a towering 7.44% 📈
- The 30-year FHA is pacing at 6.92%, with jumbos climbing to 7.62% 🏗️
- Buckle up as the 15-year fixed rate and the adjustable rate mortgages are not serving any coasters at 6.85% and 7.41% respectively 🎢🔩
Got renovation dreams and turnkey nightmares? I'm unlocking the enigma of renovation loans with my compass set firmly on opportunity. Your future abode may just be a fixer-upper away! 🔑🏚️
I'm dishing out the pros and cons like a real estate maestro, so listen up:
✨ Pros: Jump on the chance to customize your nest, tap into the potential value uptick, and don't forget—you could refi with gusto!
🥦 Cons: Prepare for loftier interest rates, a bit of patience-testing timeline marathon, and hand-select contractors with the right groove for reno-loans.
🛠️ Diving into the fine print of total acquisition costs, contingency reserves, and appraisal acrobatics, I'm here to decode it all. Whether you're a renovation rookie or a seasoned pro, this episode is your blueprint to navigating home buying amidst a symphony of hammering and sawing!
#MortgageMarketsandMore #RenoLoans #RateRollercoaster #MortgageUpdate #HomeBuyingStrategies #RealEstateTips
🪜 Ready to elevate your property prospects? Share this episode with a kindred spirit in the home hunt or an ally in the real estate realm. And stay tuned for this Friday's curtain lift on March's real estate dance number with existing home sales data! 🏠💃📊
🎙️ Until our next mortgage rendezvous this Friday, carve out a fantastic week, keep your renovation vision sharp, and as ever—take good care! 🛠️👷♂️💖
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
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Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
Peter.DAngelo@Rate.com
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.
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