Philly Mortgage Brokers

06/10/2026

Home sales reached their highest level since December in May. Despite higher mortgage rates, existing home sales climbed to 4.17 million units with median sales prices up 1.3% year over year to $429K.

06/09/2026

Knowing your DTI early can help you understand your budget, strengthen your buying power, and prepare for a smoother homebuying experience. Questions about your options? Let's connect. 484-416-4280

06/04/2026

How are mortgage rates this week? While there is still volatility primarily fueled by the war in Iran and uncertainty regarding a peace deal, mortgage rates did cool a bit this week with the average 30-year coming in at 6.48%. This is more than a quarter of a percent lower than the average rate at this time last year, which was 6.85%.

06/03/2026

Why should you ignore headlines about national home price growth? Home price trends vary widely depending on where you live. When breaking the numbers into regions, you get a much clearer picture of price direction trends. And when you drill down to specific cities, the data is even more precise. For instance, in April, Cotality reported 0.4% month-to-month increase and 0.3% year-over-year, essentially flat (no change). But the Midwest and Northeast reported decent gains in home price in April. The declines in the South and West dragged the national average down. When you are looking at a home's value, always do so from a local/regional perspective. How is your local market doing? And the best way to figure that out is by working with local professionals: real estate agents and mortgage brokers who live and work in your area and understand local market trends.

Price declines continue to dominate in the South, while the Northeast and parts of the Midwest continue to post strong price gains during the spring season. | Cotality

06/02/2026

"When bond markets sense more uncertainty and greater price pressures, rates go up. Unfortunately for prospective homebuyers, that’s exactly what the war in Iran has delivered." And uncertainty regarding the war in Iran continues to prevail putting pressure on rates. We had seemed to be poised for a smooth spring season. And while it has become more complicated than expected for homebuyers, it is not impossible. Higher rates might mean brining more to the table for a down payment or lowering your purchase price budget or (when feasible) increasing your monthly payment budget. Looking at all of your options and how each impacts your finances and your mortgage eligibility is key.

The Freddie Mac 30-year mortgage rate dropped one basis point this week to 6.36% despite inflation concerns taking center stage after the most recent CPI readout. Mortgage rates stabilized this week even as the yield on the 10-year Treasury note picked up on expectations that price pressures would c...

05/29/2026

This weekend might not be hot enough for the pool, but it is perfect weather to explore our local parks and trails! Wissahickon Valley Park is a great option for a day in nature with 50 miles of trails just outside of Philadelphia.

The park near Roxborough offers 50 miles of trails for hikers, bikers and anyone looking to enjoy the great outdoors.

05/28/2026

Following two months of gains, new home sales fell 6.2% in April to a 622,000 annual pace, coming in below expectations. This is contrary to the April existing home sales report which showed a modest 0.2% increase. And pending home sales data for April reported a 1.4% increase. When comparing the three reports side-by-side, this 6.2% drop marks a shift in buyer appetite from new construction to existing homes.

05/27/2026

How does a couple who keeps separate finances buy a house together? Married couples keeping separate finances is becoming more common and it doesn't stand in the way of making a joint home purchase. As long as both parties can provide verifiable evidence of the source of their assets they will be using for the home loan, the process isn't really different. For any mortgage, a borrower has to document income, assets, debts, and credit profiles.

Roughly 1 in 5 couples are keeping their money totally separate these days, which could make getting a mortgage a bit more complicated.

05/26/2026

Buying your dream home is exciting—but getting the best possible price can make an even bigger impact on your long-term finances. 🏡 The right offer strategy, paired with smart financing, can help you maximize your buying power and keep your monthly payment in line with your goals. Knowing when opportunities exist in the market is key to making a confident move. If you’re ready to buy and want guidance on both price and financing, send us a message and let’s connect!

05/22/2026

Your monthly payment is one of the biggest factors in determining how much home you can afford, and interest rates play a direct role in that equation. When rates move higher, buying power can shift even if home prices stay the same. That’s why timing, strategy, and exploring different loan options can make a meaningful difference in your home search. Even in changing rate environments, there are often ways to structure a loan that still fits your goals and budget. Reach out to us and we can help you figure out what makes the most sense for your situation.