Category: Affordability

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Sellers Are Cutting Prices To Meet Buyers Where They’re At

Written by Pompano Beach Mortgage Syndicated User on August 29, 2026. Posted in Affordability, Buying Tips, For Buyers, Home Prices, Pompano Beach Condo Financing, Pompano Beach Mortgage.

You’re scrolling through listings on your phone and everything looks good until you see the price (or the estimated monthly payment). Then you close the app. Because even if you love the house, the numbers feel impossible. But here’s the thing.Nationally, there are more homes sitting on the market than there are people out there looking. And when sellers need buyers more than buyers need sellers, that shows up in the price.Lower asking prices. More price cuts. And homes priced for what buyers can actually afford – not what sellers hope someone might pay.And it may be enough to...

Here’s Why Mortgage Rates Are What They Are Right Now

Written by Pompano Beach Mortgage Syndicated User on August 15, 2026. Posted in Affordability, Economy, For Buyers, For Sellers, Mortgage Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates in a whole new light.The Pattern That’s Held for 50+ YearsFor starters, mortgage rates don’t move on their own. They tend to follow the 10-year treasury yield, a number tied to how investors feel about the economy.It’s not an exact science, since plenty of other factors can move...

The Case for Putting 20% Down on Your Next Home

Written by Pompano Beach Mortgage Syndicated User on August 15, 2026. Posted in Affordability, Buying Tips, Downsize, For Buyers, Move-Up, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment.The truth is, you usually don’t have to. Plenty of loan options let qualified buyers put down much less. But a lot of repeat buyers are choosing to put down 20% anyway.So, why are they if they don’t have to?Two reasons. They know a bigger down payment pays off, and after years in their current house, they’ve built up enough equity that it’s finally possible.Repeat Buyers Put More Money DownAccording to the National Association of Realtors (NAR), the typical repeat buyer...

Thinking About Waiting for Lower Mortgage Rates? Read This First.

Written by Pompano Beach Mortgage Syndicated User on August 8, 2026. Posted in Affordability, Buying Tips, Economy, For Buyers, Forecasts, Mortgage Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating.But it’s a real possibility.A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. But, based on today’s forecasts, that may not happen. And you should know that before you decide what to do.Let’s look at why experts don’t expect a dramatic drop in rates – and the options that could help you buy anyway. Because even if rates don’t fall, you can still move. Here’s how.1. Mortgage...

Buying a Home? Here’s What You Should Know About Home Insurance Costs.

Written by Pompano Beach Mortgage Syndicated User on August 8, 2026. Posted in Affordability, Buying Tips, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If buying a home is on your radar, you’ve probably been keeping an eye on mortgage rates and home prices. But don’t forget about homeowners insurance. Homeowners insurance has always been part of owning a home. But over the past few years, it’s become a larger expense for many homeowners – something that’s especially frustrating when affordability already feels tight.The good news? While premiums are still rising, the latest data shows those increases are beginning to slow. Here’s what buyers should know.Home Insurance Costs Have Gone UpYou’ve probably heard...

Priced Out? A Condo or Townhome Could Be Your Way In.

Written by Pompano Beach Mortgage Syndicated User on July 25, 2026. Posted in Affordability, Buying Tips, Downsize, First-Time Buyers, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Today’s home prices have a lot of buyers – especially first-time buyers – wondering if there’s even anything out there that’s in their budget. But owning a home may be more within reach than you think. Sometimes, it just means considering a different type of home.Condos and townhomes can be a great way to buy without stretching every last dollar. And right now, two things make them worth a serious look.There Are More Condos and Townhomes To Choose FromMaybe you feel like there’s just nothing out there for you, and you’ve exhausted all your options. But have you considered condos or...

What To Expect from the Housing Market in the Second Half of 2026

Written by Pompano Beach Mortgage Syndicated User on July 25, 2026. Posted in Affordability, For Buyers, For Sellers, Forecasts, Home Prices, Mortgage Rates, Pompano Beach Condo Financing, Pompano Beach Mortgage.

If the first half of this year has left you feeling stuck, you’re not the only one. Mortgage rates stayed higher than people wanted. Affordability remained tight. And uncertainty overseas added another layer of pressure nobody saw coming.That’s why so many people are asking the same question: Will the second half of the year be any better for the housing market?While nobody has a crystal ball, there are a few encouraging signs things could start moving in a better direction. Here’s what to watch.Mortgage Rates Could Be Near a Turning Point One of the biggest reasons...

Down Payments Are Smaller Than They’ve Been Since 2021

Written by Pompano Beach Mortgage Syndicated User on July 25, 2026. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

Saving for a down payment can feel like the hardest part of buying a home. And with affordability as tight as it’s been lately, it’s fair to wonder how anyone manages it right now. Here’s something you may not have seen coming. Some people are getting their foot in the door with a smaller down payment.According to Realtor.com, the typical buyer put down about $23,400 in early 2026 – that’s around $5,000 below what was typical the year before (a 19% drop year over year). That’s the lowest down payments have been since 2021 (see graph below):So why are buyers putting less money down,...

Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t.

Written by Pompano Beach Mortgage Syndicated User on April 28, 2026. Posted in Affordability, Buying Tips, First-Time Buyers, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below):If you’re wondering the same thing, you can always turn to the internet for answers. But a lot of the time, it’s better to ask a local expert. Because here’s what a pro would tell you.The 20% Down Payment MythThe idea that you need 20% down to buy a home is one of the biggest misconceptions around the homebuying process. And the data debunks the myth.While...

The 10 Best Markets for First-Time Buyers This Spring

Written by Pompano Beach Mortgage Syndicated User on April 21, 2026. Posted in Affordability, First-Time Buyers, Inventory, Pompano Beach Condo Financing, Pompano Beach Mortgage.

For a while, buying your first home hasn’t just felt hard. It may have felt out of reach.Not because you weren’t ready.Not because you weren’t trying.But because every time you ran the numbers, they didn’t work.That’s why so many first-time buyers stepped back.But after years of sitting on the outside looking in, this Spring could give buyers like you an opening again – especially in some markets.Metros Where Buyers May Have an Easier Time Breaking into the Market Zillow just released a list of the top 50 metros for first-time buyers this Spring. And here’s a quick snapshot of the top 10...