A Recession means Falling Mortgage Rates!

Six times in the past forty years, the US has fallen into a recession. Each time, mortgage rates have decreased. If history repeats itself, we can expect rates to fall again. This makes it an ideal time to buy a home or refinance an existing mortgage.

However, it's important to remember that historical trends are not guaranteed to continue. So while rates may fall, there is no guarantee that they will reach the lows seen in previous recessions.

Nevertheless, now is a good time to consult with a realtor and explore your options. With rates near historic lows, you may be able to find a great deal on a new home or save money each month on your mortgage payments.

Make sure to follow all our social media for more real estate tips!

Social Media Links:

Facebook Page: Move with Megan Real Estate Team
Messenger: Megan Cox
Instagram: @movewithmeganrealestateteam
YouTube: Move with Megan Real Estate Team
TikTok: @move.with.megan

Want to know your home's estimated value for FREE?

Please fill out the form here and we'll get back to you as quickly as we can!

Videos

5 Homebuyer Tips
Here are five tips for navigating the home buying process.
3 Financing Tips
If you are planning on buying a home using a home loan then these three tips will help you get prepared for the financing process.
Credit Score Ranges & Factors
A credit score is a number between 300–850 that depicts a consumer's creditworthiness.
Required Mortgage Documents
Every lender requires documents as part of the process of approving a mortgage loan. Here are documents you’re generally required to provide...
How to Improve Your Credit
Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be.
The Home Inspection Process
After your offer gets accepted, you’ll have an inspection period. This is your opportunity to have a licensed inspector canvas the home looking for common issues prior to moving forward with the home purchase.
The Appraisal Process
Once you are under contract, your lender will send out an appraiser to verify the purchase price is in line with the property’s value. Here are the two most important things to know about the appraisal process.
Homeowners Insurance
A homeowners insurance policy will protect you against certain losses and damage to your new home and is generally required by lenders prior to closing.
How To Buy in a Tight Market
Here are five things tips that can increase your chances of getting your dream house in a competitive housing market.
Thinking About Remodeling? Here’s some tips.
If you’ve made the decision to remodel your home before selling it, you should do some research to find the right contracting company.
Digital Photography
When selling your home, it’s important to upload high-quality images that really show it off to potential buyers.
How to Recognize a Qualified Buyer
When you’re selling your home, it’s exciting to get an offer! But unless your potential buyer has the resources to qualify for a mortgage, you might not really have a sale.
Questions to Ask Yourself When Considering Selling
If you’re thinking about selling your home and moving to a new location but you aren’t entirely sure about the idea, here are some helpful questions to ask when making up your mind.
Tips to Make the Sale Process Faster
If you’re thinking about listing your home on the market, here are some tips to make the sale process faster and easier long term.
Home Showing Checklist
If you’re selling your home and are getting ready for a home showing, here are some tips that will increase your chances of success.
How To Add Curb Appeal
Want to add some curb appeal to your home before listing it on the market? Here are some tips that will help!
How To Attract More Buyers
Attracting buyers to your home on the market is an important task in order to have it sell quickly. Here are some tips on how to convince buyers to make an offer on your home!
What to Know About the Appraisal Process
After accepting a contract for the sale of your home, the buyer’s lender will send an appraiser to make sure the purchase price is in line with the property’s value.
Is the Buyer Pre-Approved, or Not?
When selling a home, it’s important to understand the different types of loan approvals that you will come across.
"Is now a good time to sell my home?" | Megan Spills the Real Tea on Realty!
Selling your home can be a daunting task and the market has been changing a lot lately, so, is now a good time to sell? Watch this video to find out!
6 Reasons Why the Real Estate market will always have transactions!
The real estate market is always changing but people will always need a place to live. There are many reasons why people may need or want to buy or sell a property, but ultimately it comes down to the fact that everyone needs a place to call home.
The Real Cost of Renting vs Buying a Home in Today's Market! | Megan Spills the Real Tea on Realty!
There's no question that renting is cheaper than buying in the short term. But what about the long term? Are you really saving money by renting? The answer may surprise you. While it's true that you'll have to make a larger upfront investment when buying a home, you'll also be building equity with each mortgage payment. In contrast, your monthly rent payments are simply giving your landlord someone else's money. Over time, this can add up to a significant amount of money. Additionally, when you own your h

Phone(678) 551-7880

Email[email protected]

Address Move With Megan Real Estate Team
Century 21 Crowe Realty
4080 Highway 42 South
Locust Grove, GA 30248

Post a Comment