Big News this week in Albuquerque Real Estate
Episode 470: Insights and Updates
Hey everyone! Welcome to a special update on Albuquerque’s real estate world. Tracy and Tego Venturi from the Venturi Group and a top mortgage expert, Joanna Rushing, are here to share some important news.
What’s Happening with Mortgage Rates?
Significant changes are happening in the world of home loans. Joanna Rushing, a super-smart mortgage loan officer, tells us that interest rates have dropped significantly recently. This is excellent news for people looking to buy a home because lower rates mean you can afford more expensive houses or lower your monthry mortgage payment.
Best Time to Buy a House?
Is now a good time to buy a house? According to our experts, yes! Home prices tend to be lower around this time of year, so you might get a better deal. Plus, there’s less competition from other buyers.
Staying Smart with Your Mortgage
Joanna emphasizes the importance of staying in touch with your mortgage officer. Things in the loan world can change quickly, and you want to be up-to-date. She also advises not to make big financial changes, like buying a car, during the home-buying process.
Misconceptions About Foreclosures
There’s a lot of talk about foreclosures, but our experts say the situation isn’t as bad as some think. Most homeowners are doing okay with their mortgages, so there’s no big worry about a bunch of homes being foreclosed.
Albuquerque’s Unique Housing Initiative
An old hotel is being transformed into apartments. This project will help people who need affordable places to live and will have support services to help residents get back on their feet.
That’s it for this episode! Remember, in real estate, having expert advice is vital. Whether you’re buying a home or getting a mortgage, make sure to talk to the pros. Tracy, Tego, and Joanna are always here to help with your real estate needs in Albuquerque!
Contact Joanna Rushing for mortgage questions at 505-917-6102, and contact the Venturi Group at 505-448-8888 for real estate services.