Mortgage
How’s That Date Going Now?
“Marry the house, date the rate” sounded charming when some brokers and lenders were whispering that rates were about to tumble and you could just refinance later. The 30-year keeps climbing and is now knocking on 7.5%. Refinancing is not...
What a 50-Year Mortgage Could Mean for Today’s Buyers
President Trump’s recent proposal for 50-year mortgages aims to tackle soaring home prices by slashing monthly payments. Echoing the game-changing 30-year loan of the 1940s-50s, this could open doors for first-time buyers in tight markets. ...
Why One Extra Mortgage Payment a Year Saves You Big
At Jones Hollow Realty Group, we’re all about helping you make smart financial moves. One simple strategy can save you thousands and get you mortgage-free faster: making one extra payment per year on your 30-year mortgage. Here’s why it...
Beware the Gap
For new buyers and agents who’ve only known the post-COVID extreme seller’s market, this is your wake-up call. The real estate frenzy, driven by historically low inventory, has pushed buyers to waive appraisal contingencies and cover appr...
Mortgage Rates Drop for Sixth Week: A Step in the Right Direction for Homebuyers
Good news for homebuyers on Long Island: mortgage rates are trending down. For the sixth consecutive week, rates have declined, with the average 30-year fixed-rate mortgage falling to 6.76% as of February 27, 2025, down from 6.85% the prior wee...
Understanding the ‘Marry the House, Date the Rate’ Philosophy
Introduction: Greetings from the Jones Hollow Realty Group! In our latest blog, let's explore a concept you might have been hearing quite often lately: "Marry the House, Date the Rate." This phrase, popular among real estate professionals ...
Navigating High Mortgage Rates in Today’s Housing Market
Understanding Rising Mortgage Rates At Jones Hollow Realty Group, we understand the complexities of today's market, especially with mortgage rates soaring above 8%, a peak not reached in over two decades. This shift significantly impacts hom...