A loan assumption occurs when a homebuyer takes over the seller’s existing mortgage instead of securing a new loan. This process can be beneficial for buyers, especially when interest rates have risen since the original loan was taken out. With a loan assumption, the buyer can take advantage of the seller’s lower interest rate, potentially saving a significant amount over the life of the loan. One of the key benefits of loan assumptions is the potential for lower monthly paym

Interest rates have remained unexpectedly stable this week, even as more data points to a softening labor market and an extended federal government shutdown. The Challenger Job Cuts Report showed 153,000 layoffs in October — up 183% from last month and nearly triple last year’s number. Private-sector data from Revelio Labs echoed the slowdown, showing roughly 9,000 fewer jobs in October, largely from government and tech sectors. Despite these weak readings, mortgage rates bar

Mortgage rates stayed steady through the first week of November, landing around the mid-6% range. With inflation reports trending in the right direction and bond yields softening, buyers have reason to feel encouraged again. Why It Matters Stability builds confidence. For months, volatility has kept many people on the sidelines. Now, calm conditions are giving prepared buyers the upper hand. Opportunity Ahead Lower rate locks this week for well-qualified borrowers Sellers sti

In uncertain markets, the loudest voices usually aren’t the most helpful.Confidence doesn’t come from hype — it comes from honesty. Why Transparency Wins When clients see real numbers, the fear fades.They stop guessing, start planning, and make better decisions.That’s how trust is built — through clarity, not comfort. A borrower who understands their true payment at 6.625%, their refinance break-even at 5.75%, and their total savings with a 2/1 buydown isn’t anxious. They’re