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🎯 Staying in the Know: Freddie Mac 2024 Updates As we head into 2024, the housing market is on everyone's radar. Freddie Mac, a key player in the mortgage industry, has released some important updates that are worth noting. Here's a quick rundown of what you need to know:   ✅ Multifamily Growth in Sight: Freddie Mac predicts a 30-33% increase in origination volume compared to 2023, but it'll still echo pre-pandemic levels. ✅ Mortgage Rates: Mortgage rates are expected to remain around the current 6% mark. ✅ Policy Tweaks for Smoother Sailing: Freddie Mac has streamlined some policies, including updates to the District of Columbia and Virginia Deeds of Trust. ✅ Tech Takeover: Freddie Mac is doubling down on tech advancements like a new digital mortgage platform and AI-powered underwriting. ✅ Affordability Anchor: Freddie Mac prioritizes making homeownership a reality for all. They're actively expanding access to credit, especially for low- and moderate-income borrowers. Every family deserves a secure haven.   Check out these resources for more information: 🔸 www.freddiemac.com 🔸 https://lnkd.in/gPZ7pB-4 🔸 https://lnkd.in/dERbTnxM   Follow Syncd Global Solutions for more such content! . . . . #FreddieMac #HousingMarket #2024Updates #RealEstate #Mortgage #Homeownership #FreddieMacUpdates #RealEstateUSA #HousingMarketInsights #SyncdGlobalSolutions #TeamSGS

Legit or not? Interest rates are incredibly personalized. One size *does not* fit all. What you end up with as your lender-issued rate is based on things like: Your debt-to-income ratio - Ranges from 0% if you’re debt-free to 50% or more. Your credit score - Ranges from 300 to 850. Your employment type and income - Salary, self-employed, hourly, bonus-based pay Your loan size, type, and length Your loan co-borrowers, if any The truth is, that rate you see on screen? It might be making assumptions that aren't right for you. The only way to truly know where you stand is to chat with a mortgage lender. They'll ask everything, show you your options, and help you determine your real buying power. Need a local lender? I've got you covered! Just shoot me a message, and I’ll send you my list of trusted lenders. . . . #phoenixhistorichomes #CenPho #NorthCentralPhoenix #PhxHomes #PhoenixHomes #PhoenixRealEstate #AZ #firsttimehombuyers #realtorlife #MyPhoenix #PhoenixRealtor #PhxRealtor #AZHomes #ArizonaHomes #ArizonaRealtor #AZRealtor #scottsdaleaz #scottsdalearizona #glendaleaz #glendalehomes #mesaarizona #mesahomes #tempearizona #tempehomes #northcentralphoenixinfo #DowntownPhoenix #phoenixluxuryhomes #phoenixhistorichomespecialist #phoenixhistorichome

Just sad, VERY SAD!! 👎🏻 Did you know that 54% of completed mortgage applications to try to obtain a manufactured home were DECLINED?!?! 😡 Comparatively, only 7% of traditional site-built home apps were declined. SMH!! 😤 As a nation, we're in a 6 million housing unit deficit (currently speaking). 📉 Sh*t needs to be done about this, and changes need to be made. Banks and lenders need to stop turning up their tightwad noses at manufactured and modular housing, and start recognizing the quality of craftsmanship that goes into the construction of these tremendous buildings. These are superior homes and creating a portfolio product(s) for them would be a postive, financially rewarding, impact to the bottom line. 🤑📈 WAKE UP and smell the future!!! 💯💪🏻🚀 #manufacturedhomes #modularhousing https://lnkd.in/ecwMAwvD

🚨Predictions of a housing “recession” are making the rounds again. What #housing recession? ➡️ Seasonality: #mortgage rates are rising at a time that coincides with a slowdown in housing supply and demand from the peak in the spring. 💡New #construction: Builders will do what it takes to move inventory. Higher mortgage rates coupled with near record highs in terms of the number of homes under construction (soon to be completed) means more buyer incentives for now. ➡️ #Population growth: 1M people moved to the US in 2022 and more are coming in 2023. 🧭 2024 will take care of itself … Although I expect the labor market to slow, absent a large surge in #unemployment, housing demand will hum along just fine. And so long as demand outpaces supply, #builders will build. We are back where we were in the second half of 2022 … and we know how this episode plays itself out.

Given the current residential supply and demand of homes, you may be considering selling yours, even if your mortgage rate is very low. I just finished researching and writing an article for my friends at Acme Brick about this very subject. Coincidently, two of my friends - both Baby Boomers (a/k/a old folks like me who have big 'ol houses and very low mortgage rates) - have decided to cash in and move on to a house with less size and maintenance. I have sent both of them this story. It's all about the types of renovations that will pay off BIG when it comes time to sell. The research comes from a well-respected analytics firm and their findings will probably surprise you. Apparently, less expensive "curb appeal" investments win out over very expensive upgrades that we normally associate with great ROI. Spend a few minutes to read this piece and let me know what you think. https://lnkd.in/gxbAWHEH #residentialrealestate #ROI #rennovations

High median prices and mortgage rates have made the current housing market tough for buyers and investors. But, despite the scarcity of homes, there are still opportunities to find quality properties under $300,000 in desirable neighborhoods, as reported by Realtor.com. Discover seven cities offering such opportunities: https://bit.ly/49UcP5W. #HousingMarket #RealEstateInvestor #AffordableHousing

NextGen women were more likely to report a lack of confidence in where to begin the home buying process as compared with men. Women reported a fear of being taken advantage of as a primary reason for not turning to a financial advisor (2020), and only 47% said they have the financial advice and support they need to achieve their goals (2022). Let us help you get educated so that you can feel confident in your finances. Reach out today! 🦁 Foote Capital Mortgage Company ~ Financing Dreams, Once Home at a Time |📞 717-249-7500| Licensed in PA & MD | NMLS 51029, 134413 | Equal Housing Lender *information from the NextGen Women’s Homebuyers Report 2023 #women #centralpa #carlislepa #mortgagetips #homebuyers

Flip houses, make them beautiful, sell them to grateful new homeowners. But as an investor, treading the path of recurring revenue is key. It's not always about profit, it's about the ongoing income. It might just cover your mortgage, or it might provide a little extra. Dabble in house flipping, but invest in storage facilities. Build wealth, aim for continual income. Commercial real estate with tenants, especially storage facilities, offer a great avenue. With tenants paying less than $130 monthly, and around 400 per facility, it's a game-changer. #InvestmentTips #WealthBuilding #HouseFlipping #StorageFacilitiesInvestment