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Category: West Palm Beach Mortgage

At Fidelity Home Group, we are West Palm Beach Mortgage Experts! We offer more options, more transparency and a simpler way to find the right mortgage program for your unique situation.

West Palm Beach is a city in South Florida. It’s separated from neighboring Palm Beach by the Lake Worth Lagoon. Downtown’s Clematis Street and CityPlace districts are filled with restaurants, shops, bars and clubs. The Norton Museum of Art displays American, European and Chinese art, including Impressionist paintings. Nearby, the 4-theater Kravis Center for the Performing Arts hosts concerts, plays, dance and opera. 

Think Twice Before Waiting for 3% Mortgage Rates

Written by West Palm Beach Mortgage Syndicated User on . Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, West Palm Beach Condo Financing, West Palm Beach Mortgage.

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

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What Past Recessions Tell Us About the Housing Market

Written by West Palm Beach Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

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Is It Time To Sell Your Second Home?

Written by West Palm Beach Mortgage Syndicated User on . Posted in For Sellers, Housing Market Updates, Luxury Market, West Palm Beach Condo Financing, West Palm Beach Mortgage.

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

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Today’s Housing Market Is Nothing Like 15 Years Ago

Written by West Palm Beach Mortgage Syndicated User on . Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, West Palm Beach Condo Financing, West Palm Beach Mortgage.

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

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The Truth About Negative Home Equity Headlines

Written by West Palm Beach Mortgage Syndicated User on . Posted in West Palm Beach Condo Financing, West Palm Beach Mortgage.

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what scale. Let’s break down one of the big equity stories you may be seeing in the news, and what’s actually taking place. That way, you’ll have the context you need to understand the big picture.Headlines Focus on Short-Term Equity Numbers and Fail To Convey the Long-Term...

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