Chuck Barberini Real Estate

 If you're waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there's a number working behind the scenes that's actually good for you right now. It's called the spread, and once you understand it, you may see today’s rates in a whole new light. The Pattern That’s Held for 50+ Years For starters, mortgage rates don't move on their own. They tend to follow the 10-year treasury yield, a number tied to how investors feel about the economy. It’s not an exact science, since plenty of other factors can move it day to day, but broadly speaking, when the economy looks strong, that yield tends to climb over time. When the outlook gets shaky, it tends to ease. For over 50 years, the 10-year treasury yield and mortgage rates have moved almost in lockstep ( see graph below ): The gap between them is called the “spread.” On average, that gap runs about 1.76 percentage points. And that spread impacts your mortgage r...

  If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment. The truth is, you usually don’t have to. Plenty of loan options let qualified buyers put down much less. But a lot of repeat buyers are choosing to put down 20% anyway. So, why are they if they don’t have to? Two reasons. They know a bigger down payment pays off, and after years in their current house, they’ve built up enough equity that it’s finally possible. Repeat Buyers Put More Money Down According to the National Association of Realtors (NAR), the typical repeat buyer puts down 23% when they buy a home (see graph below): That’s more than double the 10% they may have put down as a first-time buyer. So, how do they manage it? Their equity . When you’ve owned a house for a while, two things tend to happen. One, you pay down your mortgage, and two, your home’s value climbs. The difference between what you still owe on your mortgage and what your house is w...

  “Just Thinking" I know, I know, here he goes again, talking Giants baseball. How could I not, the Giants are in the news… “Fire Sale”. With the trade deadline fast approaching, Buster posted a sign, everything must go, make us an offer. I remember back when we read newspapers, going straight to the Green Section, first thing I did was check the standings in both leagues, then checked the home run leaders, next the batting average leaders. No Green Pages to check, but I did check the standings today, although, not in last place, the Giants currently sit at 48-67, 21 games out of first place.  With 47 games remaining to play, the low water mark from 1985 when they, we, suffered through a 100-loss season may be well within reach. The two of the trades that were pretty much inevitable, but hurt the most, were Luis Arraez, Heliot Ramos. Luis Arraez was batting 324 when he left the Giants, he was truly one of the bright spots this season, super fun to watch both offensively and de...

  Check Out This Weeks Newsletter Ryan Serhant tells CNBC there’s "no longer a housing market" in America. Here’s what he meant and what agents can take from it. “There is no longer a housing market in the United States…” Those are Ryan Serhant’s words in response to one of the questions posed during a Fast Money panel conversation on CNBC. The CEO of SERHANT. went on to say “there are four Americas,” describing the four different players in the market right now: Cash buyers Buyers who need financing Homeowners locked into 3% mortgages Homebuilders Each of those players experiences the market differently. That’s the point Serhant was making. Some players have more pull than others. Some are struggling to play their part.  The Four Americas Serhant Is Seeing on the Ground Serhant broke down the four groups when asked about strength in the luxury market. “There is no longer a housing market in the United States… There are four Americas. There are cash buyers who live in a compl...

 Imagine waiting a year to buy a home, only to find mortgage rates haven't changed much. That may sound frustrating. But it's a real possibility. A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. But, based on today's forecasts, that may not happen. And you should know that before you decide what to do. Let's look at why experts don't expect a dramatic drop in rates – and the options that could help you buy anyway. Because even if rates don’t fall, you can still move. Here’s how. 1. Mortgage Rates Aren’t Expected To Fall in a Meaningful Way If you're waiting for rates to fall, you're not alone. A recent survey from Clever-Best Interest found 42% of people believe mortgage rates will drop below 5% this year. The challenge is, that's not what the experts who study mortgage rates every day are expecting. Forecasts from Fannie Mae, the Mortgage Bankers Association , and Wells Fargo ...

 If you're a homeowner getting ready to move, one question usually comes first: should you buy your next home before you sell, or sell your current house before you start looking? There's no single right answer. The best call depends on your finances, your local market, and your timeline. And a trusted agent can help you weigh all of it. But in a lot of cases these days, selling first puts you in the stronger spot. The Advantages of Selling First Selling is usually the trickier half of a move today, so getting it done first clears your biggest hurdle. And that’s especially true right now, because there are more homes for sale than there are buyers, which means houses are taking longer to sell than they did a year or two ago. So how does leading with your sale pay off? Let’s start with the money. 1. You Won’t Get Stuck Paying Two Mortgages Buy before you sell, and you could end up carrying two mortgages at once. And especially since houses are staying on the market longer these...