Megastar Financial Corp - KC

10/25/2024

📣 Weekly Mortgage Report

Mortgage rates jumped another 10 basis points last week, while mortgage applications saw a 6.7% decline. Existing home sales hit a 14-year low, but weekly jobless claims fell unexpectedly. Want to dive deeper into these trends? Click the link to read our full report.

Mortgage rates continue to rise, while mortgage applications and home sales decline. Explore how current economic trends, including falling jobless claims, are shaping the housing market and what it means for homebuyers.

10/24/2024

🏡 Good news for first-time homebuyers!

With more Down Payment Assistance (DPA) programs available, it's easier than ever to achieve homeownership. From increased funding to targeted programs, buyers have more opportunities to get the help they need! Learn how these new programs can make your dream home a reality. 💸✨
Interested in down payment assistance? Contact me today to learn more!

10/18/2024

Mortgage rates have risen for three consecutive weeks, reflecting a strong economy that continues to support the housing market. However, despite the higher rates, they remain over a full percentage point lower than last year, offering potential opportunities for homebuyers. Want to know how these trends could impact your home-buying plans? Read the full report for more insights and the latest market updates!

Mortgage rates have risen for three consecutive weeks, reflecting a strong economy that continues to support the housing market. However, despite the higher rates, they remain over a full percentage point lower than last year, offering potential opportunities for homebuyers. Meanwhile, mortgage appl...

10/04/2024

🏠Weekly Mortgage Report🏠

Mortgage rates have increased for the first time in six weeks, rising slightly due to geopolitical tensions and a rebound in short-term rates. However, the bigger picture shows that mortgage rates have generally declined over the past year, with improving affordability for homebuyers as home price growth slows and inventories rise. Learn more about how these trends could impact your next home purchase in our latest report!

Mortgage rates tick up for the first time in six weeks, but home affordability continues to improve as prices slow and inventory grows. Discover the latest market trends and what they mean for homebuyers this fall.

10/01/2024

As proud partners in the Section 184 Loan Program, we’re committed to supporting the homeownership goals of American Indians and Alaska Natives. If you're a member of a federally recognized tribe, discover how you can benefit:

✅ Lower down payments
✅ No monthly mortgage insurance
✅ Reduced upfront mortgage insurance
✅ Acceptance of non-traditional credit
✅ Flexible use on or off native lands
✅ Options for new construction, rehabilitation, purchase, or refinance

📍 Available across AZ, CA, CO, FL, KS, MA, ME, MN, MT, NM, ND, OR, WA, WI and eligible counties in UT, WY, NE, MO, TX, TN.
Contact us today to learn more!

09/26/2024

🏡 Mortgage Payments See Largest Drop in 4 Years! 📉

Good news for homebuyers! Mortgage payments have made their sharpest decline in over four years, according to Redfin. With the Federal Reserve's recent rate cut, affordability is on the rise, giving buyers some relief. 🏠

The median U.S. housing payment dropped to $2,534 for the four weeks ending on September 15th—down 2.7% compared to last year. This is the biggest decline since May 2020! 🌟

While mortgage rates hit their lowest in 20 months, we’re excited to see how the Fed’s decisions will shape the housing market moving forward.

09/20/2024

Did you know that nearly half of U.S. renters are considered cost-burdened, meaning they spend more than 30% of their income on rent? In 2023, rent costs rose faster than home values, making renting more expensive than ever. 🏡 At MegaStar, we believe homeownership is a path to financial security and stability. Let us help you find a mortgage that works for you!

Reach out if you would like to get a complimentary analysis to see how much home you could qualify for based on the current rent you pay! DM, Call, text (913-238-1545) or email [email protected]







Reference:
Recent data from the 2023 American Community Survey shows that rent increases are outpacing wages, leaving millions of renters cost-burdened​(Census.gov)​ (Harvard Joint Center for Housing Studies).

09/17/2024

Dreaming of homeownership but not sure where to start? We've got you covered with ITIN loan options to suit your needs. Contact us to learn more!

09/13/2024

📣The Housing Market is heating up!

Mortgage Market News for the week ended September 13, 2024

Mortgage rates have declined for six consecutive weeks, now at their lowest since February 2023. Despite a small increase in mortgage applications, homebuyer activity remains subdued due to affordability challenges and low housing supply.