Canadian Mortgage Professional’s Post

#CMPTV: Gita Cartwright and Leanne Conroy from MCAN Financial Group Home discuss how women can achieve a level playing field in the mortgage industry. They explore the impact of mentorship, common challenges faced by women, and the crucial steps organizations need to take to foster diversity, equity, and inclusion. Don't miss their expert insights on building a more inclusive industry. https://hubs.la/Q02JT1N90 #WomenInMortgage #DEI #Mentorship #MortgageIndustry

#CMPTV: Gita Cartwright and Leanne Conroy from MCAN Home Mortgage Corporation discuss how women can achieve a level playing field in the mortgage industry. They explore the impact of mentorship, common challenges faced by women, and the crucial steps organizations need to take to foster diversity, equity, and inclusion. Don't miss their expert insights on building a more inclusive industry. https://hubs.la/Q02HYlKR0 #WomenInMortgage #DEI #Mentorship #MortgageIndustry

Falling Mortgage Rates Are Bringing Buyers Back If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have –... GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

What Lower Mortgage Rates Mean for Your Purchasing Power If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac. This recent trend is great news for buyers. As a recent article from Bankrate says: “The rate cool-off somewhat eases the housing affordability squeeze.” And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for... GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

What’s Really Happening with Mortgage Rates? Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: that what you read or hear will vary based on the time frame they’re looking at. Here’s some information that can help clear up the confusion. Mortgage Rates Are Volatile by Nature Mortgage rates don’t move in a straight line. There are too many factors at play... GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC] If you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow. As more buyers re-enter the market, it’ll help you make a strong offer that stands out from the crowd. Talk to a trusted professional to learn more and begin your homebuying process today. GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

Should I Move with Today’s Mortgage Rates? When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. What Would Motivate You To Move? Now that you know why other people would move, take a minute to think about what would make a move worth it for you. Is it time to take a chance and go for... GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

Lower Mortgage Rates Boost Your Buying Power Mortgage rates are trending down and that’s great news for your bottom line. As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power. If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down. GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

Things To Avoid After Applying for a Mortgage [INFOGRAPHIC] There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process. GayRealEstate.com #gayrealtor #gayrealestate #lgbtq

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now. And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future. You May Not Feel as Locked-In to Your Current Mortgage Rate With mortgage rates already... GayRealEstate.com #gayrealtor #gayrealestate #lgbtq