Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
That means they have to sit around a little bit longer hoping that they'll be able to first find a house but then afford a house.
those days of a 3% rate or lower are gone, at least for now, for the foreseeable future.
So I know it's nice to reminisce about those times, but those times were really a blitz, kind of an abnormality in recent history.
If you're hoping for those times to come again soon, you're going to be waiting a very, a very long time.
I know a 7% mortgage rate sounds high, but in the scheme of things, it's more in tune with recent history.
And in general,
expect to pay around 6% to 7% for the foreseeable future.
Most buyers with good credit are looking at that kind of scenario depending on the deal they come up with with their mortgage lender.
But it's tough to accept that you're not going to get the deal maybe your friend got during the height of the pandemic, but that's the reality.
And hopefully one day you'll be able to refinance your mortgage, maybe not to 3%, but lower than 7%.
It's still a tough market.
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And so that's why it's so important for people who are serious about trying to buy a house this season is to make sure you have things like pre-approval on your mortgage already in place.
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So when you go to that open house or when you go to make an offer, you have a fighting chance against some people who are going to pay cash.
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They agreed to get rid of a longstanding rule that required many home sellers to say how much they would pay for
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home buyers agent.
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Consumer groups had argued that the arrangement effectively prevented buyers from negotiating with agents to save money and keeping the commissions in the U.S.
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higher than many places in the world, typically 5% to 6% of the total sales price of the house.
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The new rules that are going in effect in mid-July, they are prompting some buyers and sellers to question whether or not they should rush to do deals now or wait to see what happens
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after the changes take shape.
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So what buyers and sellers need to know right now is there's a lot of uncertainty on how this is all going to shake out eventually.
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Showing 581–600 of 3,082 · page 30 of 155
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