In today’s episode, we dive deep into the state of the U.S. housing market, shedding light on the rising mortgage rates and their far-reaching implications. With many experts predicting rates to remain above 5% until 2025, buyers across the nation are feeling the pinch. A recent survey by U.S. News & World Report reveals a prevalent sentiment of buyer’s remorse, as over half of recent homebuyers lament purchasing during times of high rates. But there’s more to the story: the under-discussed strategy of mortgage assumptions, particularly in the realm of VA loans. We’ll discuss the pros and cons for both buyers and sellers and provide insights on how to navigate this tricky landscape. Whether you’re a buyer contemplating a purchase, a homeowner considering selling, or simply keen to understand the shifts in the market, this episode promises to offer valuable insights. Join us as we unravel the complexities of the current housing market and mortgage rates.
#MortgageRates, #HousingMarket, #LoanAssumption
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