Mortgage Rates Are Near 7% — So Why Do Buyers Have More Leverage?

If you’re thinking about buying a home right now, you may feel like the odds are stacked against you. Mortgage rates are still hovering around 6.7%, keeping monthly payments considerably higher than they were several years ago. And with rates still elevated, many potential buyers are wondering whether they should simply wait for mortgage rates […]

Monday Market Update: What the Bond Buyback Means for Your Mortgage This Week

If you were watching the financial news late last week, you likely saw the headlines about the government’s directive for Fannie Mae and Freddie Mac to purchase mortgage bonds. On social media this weekend, there was a lot of noise. Some sources were claiming the “bottom was dropping out” of rates, while others were creating […]

Tagged Bond Market NewsHome AffordabilityHousing Market TrendsMagnolia Real EstateMJ Mortgage LLCMortgage RatesSal Trapani