Greg Belsheim HomeSmart

12/24/2025

Merry Christmas to ALL... and a Happy New Year!

05/28/2025

Mortgage Rates... Where are they headed?

As a Real Estate Professional, I'm often asked about mortgage rates. What are they currently? Are they expected to go up, come down, or are they relatively stable? While I am by no means an expert as relates to mortgage rates, I do follow media reports and trends.

To put it in perspective, the largest and most rapid increase in mortgage rates in the last 5 years occurred between January and October 2022, with rates climbing from 3.22% to 7.08%. The highest mortgage rate in the last 5 years was 7.79% in October 2023, according to Money/US News. This followed a period of historically low rates during the COVID-19 pandemic, when mortgage rates reached an all-time low of 2.65% in January 2021. More recently mortgage rates have consistently been in the mid 6% to low 7% range.

What I have been seeing and hearing of late is that mortgage rates will continue to fluctuate, but over time should settle somewhere around 6%, sometimes a little lower or a little higher, but that is anticipated to be the new norm. The reality is mortgage rates in the 3% to 4% range are nowhere in the foreseeable future.

As a final note... Trying to time the market is probably not a winning strategy. The best time to buy is when you're financially ready. Whether you're ready to move now or planning for the future, let's make a strategy that works for you. Call or message me anytime, even if you just have a question, I'm here to help.

05/05/2025

You might know it’s time to downsize when maintaining your current home feels more like a burden than a comfort—whether that’s due to high costs, unused space, or physical upkeep. Maybe the kids have moved out, you're craving a simpler lifestyle, or you want to free up cash for travel or retirement. If your needs have changed but your space hasn’t, downsizing could be the right next step. Call me for personalized real estate advice and to make a plan!

12/31/2024

Wishing everyone a New Year filled with Peace, Love, and God's Blessings!

07/26/2024

National news and local views for the week

12/31/2023

11/23/2023

Happy Thanksgiving!

10/25/2023

News you can use...

Despite mortgage rates topping 7%, Americans persist in their desire to buy a home. According to the latest Housing Trends Report*, the share of adults with plans to purchase a home within a year edged up to 17% in the third quarter of 2023, up from 15% a quarter earlier. The share has fluctuated up