Mortgage Rate Updates!

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Mortgage rates below 7%
We are finally below 7%! 📉 Did you know that January and February historically have better rates compared to the rest of the year? Developing a strategy now will propel you into a new home in 2024. The first crucial step is a consultation to go over all your wants and needs. Let’s take that step together. ✨✨ DM or COMMENT “READY” to book your free consultation #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #comment #dm
Monday Mortgage Update - Amal Hall - Samson Properties
“As Treasury yields decline, the 30-year fixed-rate mortgage dropped a quarter of a percent, the largest one-week decrease since last November. Incoming data show that household debt continues to rise, primarily due to mortgage, credit card and student loan balances.“ ✨✨ Whether you’re looking to buy or sell, let’s build the path to your 2024 journey. DM me for your FREE Buyer or Seller guide today!
Monday Mortgage Update - Amal Hall | Samson Properties
Small decrease in rates last week! “The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. Coupled with geopolitical uncertainty, this ambiguity around monetary policy will likely have an impact on the overall economic landscape and may continue to stall improvements in the housing market.” Let’s look at all your options available to you
Monday Mortgage Update - Amal Hall | Samson Properties
If you’re planning on entering the real estate market in 2024, now is the time to develop a plan for the future. There’s a lot of fear in the housing market currently but if we work with your budget and find the opportunities, it is possible. Let’s build a plan today. Schedule your free buyer or seller consultation with the link in my bio 🔗👀 #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #marketcrash #inflation
Monday Mortgage Update - Amal Hall | Samson Properties
Another increase in rates this past week…. Rates, along with limited inventory is keeping home values high. Let’s develop a plan for your next home together. Whether you’re waiting to sell or looking to buy your first home, schedule a free consult today with the link in my bio 🔗👀 #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #mondaymortgage #mortgageupdate
Monday Mortgage Update - Amal Hall | Samson Properties
Mortgage rates hit another high last week. Lets discuss… 🤔 With inventory so low and demand still strong, affordability is the biggest obstacle right now if you’re looking to buy or your first home or 3rd home. Truthfully what you need is a strategy to get you to the monthly payment that you want and that’s where I’m here to help. ✅ Do you know what loan options are available to you? Do you know what an Adjustable Rate Mortgage is? How about a 2/1 buydown? Did you know you can ask for help fro
Monday Mortgage Update - Amal Hall | Samson Properties
With the highest mortgage rates in 22 years, the winter market is your best strategy to find a deal without competing in a bidding war or in a fast paced market. Limited inventory is holding values high but we are starting to see demand and values slow down. Whether buying or selling, let’s talk to today on how to capitalize in a market like this. #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed
Monday Mortgage Update | October 2nd 2023 - Amal Hall ~ Samson Properties
“The 30-year fixed-rate mortgage has hit the highest level since the year 2000. However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory” Inventory is still the major issue at play which is keeping home values high. If you’re waiting for a crash, I truthfully don’t think there will be one because of inventory. Right now, it’s best to look at all your options and find a home in your budget so you can begin to build that ge
Monday Mortgage Update - Amal Hall, REALTOR | Samson Properties
Mortgage rates continue to linger above seven percent as the Federal Reserve paused their interest rate hikes. Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect. Builder sentiment declined for the first time in several months and construction levels have dipped to a three-year low, which could have an impact on the already low housing supply.” #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonPropertie
Mortgage rates this past week are still on the higher side. The best strategy in a market like this is to take a look at all your options with a trusted lender and real estate professional like myself. Ready to take that step? Book a free consult with the link in my bio 🔗 #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #mortgage #mortgagerates Buyers, Advisor, Strategies
Monday Mortgage Update | Amal Hall - Samson Properties
Mortgage rates this past week are still on the higher side. The best strategy in a market like this is to take a look at all your options with a trusted lender and real estate professional like myself. Ready to take that step? Book a free consult with the link in my bio 🔗 #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #mortgage #mortgagerates
For 3 Straight weeks we have seen a small decline in mortgage rates. Once rates get low enough in the future, buyers will be flooding the market again and pushing sales prices up. #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed
Monday Mortgage Update! Amal Hall | Samson Properties
For 3 Straight weeks we have seen a small decline in mortgage rates. Once rates get low enough in the future, buyers will be flooding the market again and pushing sales prices up. #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed
Monday Mortgage Update - Amal Hall - Samson Properties
What’s happening in the market right now? A lot actually. Even with higher rates, buyer demand is still up. Many lenders are offering programs like the 2/1 Buydowns to help lower your mortgage payment in the first 2 years. Interested in taking advantage of this? Let’s talk and I’ll connect you with one of my if my trusted advisors today. ———#realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed #mortgage #mortgagerates #21buyd
Monday Mortgage Update - Amal Hall | Samson Properties
Whether you need to sell your home to buy or this is your first time, looking at your options is the best thing to do in a market like this. Let’s talk today. “The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s Chief Economist. “The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory re
"The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory." Buyer demand is still strong - if you're looking to see what all your options are, book an appointment with me today. —————— —————— #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed Credit Rating, Demand, Government, House Prices, Options
Monday Mortgage Update | Amal Hall, REALTOR - Samson Properties
"The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory." Buyer demand is still strong - if you're looking to see what all your options are, book an appointment with me today. —————— —————— #realtor #northernvirginia #virginia #centralvirginia #Fredericksburg #fredericksburgva #SamsonProperties #HallYouNeed
Monday Mortgage Update! Amal Hall, SAMSON PROPERTIES
“Mortgage rates inched up slightly after a significant decline last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Higher interest rates continue to dampen activity in interest rate-sensitive sectors, such as housing. However, overall U.S. consumer confidence is unwavering, surging to a two-year high in the Conference Board’s Consumer Confidence Index for July 2023. Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.”