2025 Mortgage Market: Expert Tips for Homebuyers & Real Estate Pros
Navigating the 2025 mortgage market can be challenging, but informed buyers can capitalize on opportunities. In a recent podcast, John Donnelly of Service First Mortgage shares expert insights on elevated rates, affordability, and migration shifts.
Key takeaways for homebuyers and real estate professionals:
- Mortgage rates are expected to remain elevated; plan budgets accordingly.
- The affordability crisis demands expanded search areas and full cost consideration (insurance, taxes).
- Migration patterns are shifting; research emerging, affordable markets like Nashville or Oklahoma City.
- Mortgage qualification is tighter: get pre-qualified early and explore options like builder incentives or bridge loans.
- Buyer leverage is increasing in some areas due to longer listing times.
- Focus on preparation and building strong relationships with trusted industry professionals.
Tune in for actionable advice to confidently approach homeownership in 2025.
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