Family First, Then Finances: Why Homebuyers Are Hitting the Brakes!

Life's Too Short for Bad Credit!

Family that's what matters. But even family needs a roof over their heads right? I saw this report about mortgage applications dropping 4% last week. Four percent! That's like NOS running out right before the finish line! People are worried about the economy I get it. But a house ain't just bricks and mortar; it's where you build your memories where you share meals where you teach your kids to drive... or maybe drift.

Rate Race: Slow and Steady Doesn't Always Win.

These interest rates man... 6.89%. They're teasing us! It's like that quarter mile. You think you're in the lead then BAM! Something unexpected happens. Last year rates were higher but only 3% more applied. Guess family wasn't enough of a reason then. What's changed now? Folks need to remember life's about taking chances. Calculated chances of course. Don't go signing up for a loan you can't handle. That's just plain stupid.

The Kan undrum: Economic Uncertainty and a Little Faith.

Some guy named Joel Kan from the Mortgage Bankers Association is saying it's all 'broader economic uncertainty' and 'labor market weakness'. Sounds like fancy words for 'people are scared'. Look fear is a powerful thing. But family is stronger. If you find the right place a place where you can picture your kids growing up you gotta have faith. Sometimes you just gotta floor it. And let me tell you inventory is 'slowly increasing'. More family homes is always a good thing.

Refinancing Blues: Holding Out for a Hero (Rate).

Refinancing dropped too apparently. Everyone's waiting for rates to drop further. It's like waiting for Letty to come back... you know she's gonna but the waiting is tough. But remember what I always say 'I live my life a quarter mile at a time'. You can't predict the future so make the most of what you got. That refinance rate ain't gonna drop itself! Make it happen!

Wednesday's Wildcard: Economic Data About to Drop.

So this week everything's gonna change. Wednesday all the economic data is droppin'. It's like a nitrous boost. Could send rates soaring or send 'em crashing down. Who knows? But don't let it paralyze you. Whatever happens remember your why. Why you want that house. Why you want to build a life there. That's what will get you through.

Family is Everything Even in Real Estate.

Look this whole mortgage thing can be complicated. But at the end of the day it's about family. It's about having a place to call home. Don't let the numbers scare you. Do your research find a good team (like mine!) and remember what's important. As my pops always said 'the most important thing in life will always be the people in this room. Salute mi familia.'