2026 Housing Outlook: Your Path to Homeownership is Improving!
Are you ready to buy a home? As your local Mortgage Banker, Sal Trapani of MJ Mortgage LLC is here to break down the latest forecast from the National Association of REALTORS® (NAR) presented on November 14, 2025. The housing market is expected to rebound in 2026, creating a more favorable environment for homebuyers like […]
October 2025 Housing Market Forecast: What Homebuyers Need to Know
Fannie Mae has released its Economic and Housing Outlook for October 2025, providing key projections for the economy and the housing market. If you are looking to buy a home in the near future, this forecast offers a glimpse at what experts are anticipating for mortgage rates, home prices, and more. Here are the key […]
Navigating the August 2025 Mortgage Market: A Homebuyer’s Guide to Rates
Today’s Mortgage Rate Snapshot (As of August 15, 2025) The average interest rate for a 30-year fixed-rate mortgage is 6.552%. This represents the lowest average for this type of loan since early August. The rate is down 5 basis points from the previous day and approximately 8 basis points from a week ago. Why Are […]
Navigating the 2025 Housing Market: A Buyer’s Guide to Rates, Prices, and Inventory
As a homebuyer, staying informed about the current market is key to making a confident decision. A recent mid-year forecast from Realtor.com reveals a complex but slowly improving landscape for buyers. The market is gradually rebalancing, offering some cautious optimism with easing mortgage rates and more available homes. Here’s a breakdown of the key takeaways […]
Mortgage Applications on the Rise: What This Means for You!
Good news for the housing market! The latest Mortgage Bankers Association (MBA) survey for the week ending June 6, 2025, shows a significant increase in mortgage applications, signaling renewed positive sentiment among homebuyers and those looking to refinance. Key Highlights: Overall Growth: Mortgage applications jumped 12.5% week-over-week, hitting their highest level in over a month. […]
How a Flawed Jobs Report Just Pushed Mortgage Rates Higher — What Buyers and Realtors Should Know
This past week, the Bureau of Labor Statistics (BLS) released its latest jobs report — and while the headlines looked positive at first, the details tell a very different story. Unfortunately, the initial market reaction to the headline number pressured mortgage bonds, driving mortgage rates higher in the short term. Here’s what really happened, and […]
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