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Sell Your Queens Home RadioAuthor: David Garcia
Tips, tricks, facts and behind the scenes of Real Estate in Queens, NY. Questions are very much encouraged. Language: en-us Genres: Business Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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Episode 46 | Season 4, Episode 1 Mortgage Rates Are Back Above 7%: Should You Still Buy a Home?
Episode 1
Wednesday, 16 September, 2026
Mortgage rates are back above 7%—so does it still make sense to buy a home in New York?For buyers who have been waiting for mortgage rates to fall, the recent move higher can be frustrating. Some buyers are waiting for lower rates so they can qualify for a mortgage, while others are hoping a lower rate will make their monthly payment more affordable.But focusing only on the headline mortgage rate could cause you to miss the bigger picture.In Season 4, Episode 1 of SYQH Radio: New York Real Estate Explained, real estate agent David Garcia discusses what higher mortgage rates actually mean for homebuyers in Queens, Brooklyn, the Bronx, Manhattan, Long Island, and the greater New York real estate market.You'll learn why the better question isn't simply “What is today's mortgage rate?” but instead:“What would MY monthly housing payment be, and what financing options might be available to ME?”David discusses how New York home-price appreciation has moderated in parts of the market compared with the rapid increases seen in previous years—and why slower appreciation isn't the same thing as falling home prices.This episode also covers:How mortgage rates affect your monthly payment and purchasing powerWhy the advertised mortgage rate may not be the rate available to youWhy buyers should speak with a qualified mortgage professional before eliminating themselves from the marketWhat mortgage discount points are and how they can potentially lower an interest rateHow a temporary mortgage rate buydown, including a 2-1 buydown, worksHow seller concessions may potentially help with allowable buyer closing or financing costsWhy negotiating the structure of a real estate deal can sometimes matter as much as negotiating the purchase priceWhy waiting for the “perfect” mortgage rate or a major housing-market decline comes with uncertaintyWhat sellers should understand about the effect of higher mortgage rates on buyer affordabilityThe goal isn't to convince you to buy a home simply because rates might change in the future.It's to help you run the numbers using today's market, today's financing options, your budget, and your long-term goals so you can make an informed decision.If the payment works and the property fits your plans, you have useful information to evaluate. If the numbers don't work, that information is just as valuable.🎙️ SYQH Radio: New York Real Estate ExplainedSeason 4, Episode 1 | Episode 46 OverallHosted by David Garcia | Sell Your Queens Home | Keller Williams Realty LandmarkMortgage rates, loan programs, qualification requirements, buydown structures, seller concessions, housing-market data, and other information can change and vary by borrower, property, lender, and loan program. This episode is for general educational purposes and is not mortgage, financial, legal, tax, or investment advice. Consult qualified professionals regarding your specific circumstances.#NYCRealEstate #NewYorkRealEstate #MortgageRates #HomeBuying #QueensRealEstate #BrooklynRealEstate #LongIslandRealEstate #FirstTimeHomeBuyer #MortgageBuydown #SYQHRadio
