📊 This Week's Mortgage Insights: February 24, 2025 📊

Written By Alan Prince

Hello, homebuyers and homeowners! Welcome to another edition of "This Week's Mortgage Insights," where we keep you updated on the latest trends and opportunities in the mortgage market.

Market Overview:

  • Current Rates: Mortgage rates have remained stable this week, with the average 30-year fixed rate at 6.87% and the 15-year fixed at 6.09%. These rates continue to present a favorable environment for both purchasing and refinancing.

  • Economic Indicators: Recent economic data suggests a steady housing market, with home sales showing resilience despite seasonal fluctuations.

Loan Spotlight: Fannie and Freddie Affordable Programs This week, we're shining a light on the Fannie Mae and Freddie Mac Affordable programs, designed to make homeownership more accessible for low-to-moderate-income borrowers.

  • Low Down Payments: These programs offer options with down payments as low as 3%, making it easier for first-time buyers to enter the market.

  • Flexible Credit Requirements: With more lenient credit standards, these programs are ideal for those who may not qualify for conventional loans.

  • Competitive Interest Rates: Borrowers can benefit from competitive rates that can lead to significant savings over the life of the loan.

  • Grant Opportunities: As part of these affordable programs, eligible buyers in certain areas can access grants that provide financial assistance for down payments and closing costs, further reducing the barriers to homeownership.

Ready to apply now? Click Here

📞 Alan Prince: (248) 881-6589
📧 alanprince@alanprincemortgages.com
NMLS #1537817

#MortgageInsights #FannieMae #FreddieMac #HomeBuying #AlanPrinceMortgages

Alan Prince
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