Why Mortgage Rates Aren't Falling Fast on the MS Gulf Coast
Quick Answer: Mortgage rates track the 10-year treasury yield plus a gap called the spread. That spread has narrowed from over 3 points in 2023 to about 2.01 points now, which is why today's rate sits around 6.69% instead of closer to 8%. But that spread is already close to its long-term average of
Do You Really Need 20% Down on the MS Gulf Coast?
Quick Answer: No, you don't need 20% down to buy a home on the Mississippi Gulf Coast. Plenty of loan options let qualified buyers put down much less. But NAR data shows the typical repeat buyer puts down 23% anyway, more than double the 10% a first-time buyer typically puts down. The reason is us
Why Mortgage Rates Won't Drop Much on the MS Gulf Coast Soon
Quick Answer: If you're waiting for mortgage rates to drop a lot before buying on the Mississippi Gulf Coast, you may be waiting longer than you think. Fannie Mae, the Mortgage Bankers Association, and Wells Fargo all expect 30-year rates to stay in the mid-6% range through 2026 and into 2027. Inf
Randy Richardson
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