Found 4 blog entries tagged as Mortgage.

Post-Pandemic Shift: Rates Now Drive Buyer Behavior

In recent months, mortgage rates have slipped from 7.04% in January to around 6.30%, sparking renewed discussion about whether lower borrowing costs will unlock more demand. ResiClub’s 25-year analysis reveals wide swings in buyer sensitivity to mortgage rates, depending on the housing cycle. In some periods, demographics and credit standards mattered more. In others, rates barely moved the needle. But in the current post-pandemic cycle, mortgage rates have emerged as the dominant force shaping demand.

  • Early 2000s (2000–2004): Falling rates fueled the housing bubble

  • Housing bust (2005–2009): Demand collapsed despite lower rates

  • …

191 Views, 0 Comments

Read Full Post

What the Mortgage Rate Drop Means for Homebuyers in Westchester County

If the Fed cuts rates in September, it doesn’t guarantee mortgage rates will move lower. This is a conversation I’ve had with many of my clients. With a strong economy and low unemployment, mortgage rates may stay put. Yes, a Fed rate cut usually puts some downward pressure on borrowing costs, but it’s not guaranteed. Mortgage rates move more closely with bond yields, which are heavily influenced by inflation expectations and overall economic strength. If investors still see inflation risk or the labor market looks too strong, those yields (and mortgage rates) won’t budge much, even if the Fed is cutting.

We saw this last fall, and it could happen again.…

169 Views, 0 Comments

Read Full Post

It’s Getting Easier to Qualify for a Mortgage

The Mortgage Credit Availability Index is rising, meaning more people are able to secure financing for a home loan – even with lower credit scores or smaller down payments. In fact, it’s easier to get a loan now than it’s been in almost three years. Lenders are trying to boost activity in the housing market, and that gives you an opportunity. You may qualify today, even if you didn’t a few months ago.

263 Views, 0 Comments

Read Full Post

Mortgage Rates Dip as The Spring Market Approaches

Harbor Island Park, Mamaroneck

The U.S. housing market is experiencing a slight easing in mortgage rates, offering a glimmer of hope for prospective buyers as the spring selling season approaches. Today, the average 30-year fixed mortgage rate hit a new low for 2025, dropping to 6.70%. Additionally,

  • Refinance activity hit its fastest pace since October 2024.

  • Mortgage applications increased 9% week-over-week, up 2% from last year.

  • Property tours are up 25% from the start of the year, according to Redfin.

Ralph’s Take

Mortgage rates have shown stability, a promising sign for both buyers and sellers as we head into the spring…

392 Views, 0 Comments

Read Full Post