Is a Lower Mortgage Rate the Key to a Higher Home Price in St. Louis?
As mortgage rates continue to fluctuate, many St. Louis homebuyers are wondering if a decrease will lead to a surge in home prices. While there’s a common belief that lower rates equate to higher prices, the reality is often more complex.
Understanding the Factors at Play
Several factors influence the St. Louis…
August 15, 2024 – Mortgage News, Mortgage Rates
With President Biden stepping out of the 2024 presidential race, Vice President Kamala Harris has become the focus of recent news. As Harris gears up for her presidential run, her financial decisions, including her mortgage choices, are being closely examined. One notable detail is her use of a 7-year adjustable-rate mortgage (ARM) with an…
Is Freddie Mac’s new second mortgage pilot program a game-changer for St. Louis homeowners?
Not likely. While it’s a step in the right direction for potential home equity access, the program’s limitations and the current market conditions suggest a minimal impact for most homeowners.
What Does the Freddie Mac Second Mortgage Pilot Mean for St. Louis?
The Federal Housing Financ…