Now that rates have risen and economic uncertainty is on top of everyone’s mind, what can homeowners and home buyers expect? How will home loans and home buying be impacted by today’s trends? The mortgage brokers at Peoples Choice Mortgage are here to help you decipher what today’s data means for home loans and home buyers.

Recently, US News & World Report just released their top 150 places to live in America list. What is truly incredible is how many of these wonderful cities have access to the professional mortgage brokers at Peoples Choice Mortgage. Here are the top places to live in America …

It is important to figure out if myths are correct and if they are serving you well before you hold on to them. First-time home buyers should heed this lesson. Some of the more prevalent myths about first-time home buyers in today’s market are false and harm first-time home buyers.

Hopefully, this slight decrease in the CPI might mean that we have hit a peak. How likely is it that we have hit peak inflation? If we have, what does this mean for mortgage rates and home buyers? The team at Peoples Choice Mortgage is here to help home buyers and homeowners with what will happen to mortgage raets depending on inflation.

Over the past couple of years, used car prices reached all-time highs. Over the same time frame, home prices have also reached all-time highs. Consumers of all types, from homes to cars, to even bacon, have been seeing outrageous prices when it comes time to paying. The common thread amongst high prices everywhere is that inflation has been raging out of control.

Mortgage brokers cannot serve two masters. They can either serve their clients needs or they can try to do what is best for their commission structures. Prioritizing loyalty means choosing a mortgage broker that prioritizes your needs above all else.

People are flocking to Florida and some are calling it the hottest market in the country. All parts from Pensacola to Palm Beach, to Tampa Bay are flourishing. Why are home buyers rushing to get home loans in Florida for the house of their dreams? Why are home buyers rushing to fill out mortgage applications with their trusted mortgage broker in the Sunshine State?

Bill Simmons and Ryen Russillo are media personalities on The Ringer, a website dedicated to sports and pop culture. Both achieved fame as prominent personalities for ESPN. While known for discussing sports, their conversation about the Denver Nuggets turned to real estate. Simmons and Russillo agreed that Denver is a great place to live and that people are flocking there from all over. Are these sports experts right about Denver real estate?

Inflation is now running rampant and the Federal Reserve must take action to get it under control, which means interest rate increases. All indications are that mortgage rates are going to start rising and will continue to rise through the end of this year. The team at Peoples Choice Mortgage is here to give you the data regarding mortgage rates, inflation, and what it means for homeowners and home buyers.

Can you increase your offer and still qualify for a home loan? Is there anything you can do other than increasing your offer that will make it more likely you will successfully close on the home? These are all complicated and important questions in a market as competitive as today’s. However, no matter how tough it is for home buyers, by focusing on the 3 Ps (patience, planning, and professionals) you can buy the house of your dreams.

Home buyer demand is through the roof, but home availability is limited. This has created a perfect recipe for rising home prices in Florida. As a result, condos are becoming more and more popular.

Even small increases in mortgage rates can add up to thousands of dollars. That’s why if you are thinking of buying a home or refinancing your current mortgage, it is best to act now. Delaying your decision can cost you the opportunity to get lower monthly payments and big savings over the life of your home loan.

When you are in the midst of a market cycle, it is entirely unpredictable. It is very difficult to tell if you are at the peak of the market or if you are at the bottom of the dip. Markets can go higher than you would imagine, and they can go lower. Given that context, it is time for home buyers and homeowners to look at today’s market. Have we peaked or will this real estate run continue?

Homeowners should remain confident that there will not be a wave of foreclosures that will destroy their home values or equity overnight. Homebuyers should not be complacent, thinking they can wait for a flood of mortgage foreclosures to cause home prices to drop. While anything is possible, this scenario is incredibly unlikely.

Today, it looks like conditions are favorable for homeowners who have been considering a mortgage refinance. Rates appear to only be going higher and home values are already at all-time highs. How much longer can today’s environment remain favorable? The bottom line is that if you are a homeowner who has not recently refinanced their mortgage, it might be time to explore it.

The cost of a home is not the full picture of how much it takes to buy a house. You need to account for down payments, monthly mortgage payments, closing costs, and more. The best way to budget for buying a home and making sure you have a full picture of what is needed is to work with professionals.

Today’s rising home prices have some home buyers hesitant, especially first-time home buyers. However, home prices are not the only things that are rising. Rents are also reaching astronomical levels. In fact, rents are surging faster than home prices in many markets. The reality is that for many it is more affordable to buy a house than rent.

Potential home buyers should be excited by the above data because it looks like more houses will be available on the market in 2022 than last year. This means less bidding wars, a greater chance of finding the perfect house, and possibly an end to skyrocketing prices. The best way to take advantage of this is to be prepared and that means speaking with a mortgage broker.

A large wave of foreclosures is extremely unlikely. Homeowners have several options when it comes to dealing with their forbearances, and many homeowners have already dealt with their loans. Any foreclosures will not be commonplace, and both buyers and sellers should be confident the real estate market.

The bottom line is that 2022 is lining up great for home buyers. Rates will increase, but will still be at an extreme discount compared to historical rates. At the same time, inventory will increase which will mean that it is easier to buy a home without as many bidding wars. This is great news for home buyers. If you want to stop renting and become a homeowner, 2022 is a great year for it.