Insights from Ken Robinson In a world that constantly evolves, the mortgage industry is no exception. With traditional home buying processes continuously adapting to market trends, it’s crucial to stay informed. Recently, we had the pleasure of hosting Ken Robinson of Guaranteed Mortgage to discuss the current landscape, interest rates, and trends for the year 2025. Below are some valuable insights gained from our conversation.
An Introduction to Ken Robinson:
Ken Robinson, with over 13 years of experience in the mortgage industry and a background as a retail executive, partners with Patty, a seasoned professional with three decades in the mortgage business. Together, they provide expertise and a well-rounded approach to helping clients navigate home loans.
Understanding the Current Interest Rates:
Interest rates are a significant factor for home buyers in 2025. As Ken explained, current rates are just under seven percent. Despite fluctuations over the past few years, rates haven’t yet seen a dramatic reduction. It’s important for buyers to remember that mortgage rates are tied to the treasury yield and not the short-term rates often influenced by the federal reserve.
Tips for Prospective Homebuyers:
Prospective buyers often ask whether it’s a good time to purchase a home. Ken believes that even with the current rates, purchasing a home remains a sound investment. The market may still be considered a buyer’s market, but finding the right home may take time due to limited availability. Ken advises that if you find your dream home, it might still be worth purchasing and potentially refinancing later if rates fall.
First-Time Homebuyers: Navigating the Market:
First-time buyers often seek additional financial assistance. Ken offered insights into various loan options, including FHA, THDA, and USDA loans. Each has specific qualifications and benefits, such as lower down payments or assistance with closing costs. Understanding these options is crucial for first-time buyers aiming to get their foot in the door.
The Importance of Credit Scores:
A common point of confusion lies in credit scores. Many rely on platforms like Credit Karma for their scores, not realizing these are different from the mortgage-specific scores lenders use. Prospective buyers should have a lender pull their mortgage score, as it’s essential for determining loan eligibility and terms.
Choosing the Right Loan:
Homebuyers face decisions between fixed and adjustable-rate mortgages. In the current landscape, Ken recommends a fixed rate due to its stability over time despite the occasional appeal of short-term savings from adjustable rates.
Insights into Guaranteed Mortgage’s Approach:
Guaranteed Mortgage sets themselves apart with highly experienced team members, competitive rates, and exceptional accessibility. Ken emphasizes the importance of being available to clients around the clock, ensuring that buyers can act swiftly when needed, particularly in fast-movin
g market conditions.
How to Connect with Ken Robinson:
For those ready to embark on their home buying journey, Ken offers a seamless application process. Prospective buyers can expect a straightforward, secure online application procedure, backed by Guaranteed Mortgage’s personalized support. Get Pre Approved
Final Thoughts:
The mortgage landscape in 2025 presents unique challenges and opportunities. Whether you are a first-time buyer or looking to refinance, informed decisions are key. With the guidance of experts like Ken Robinson and his team at Guaranteed Mortgage, navigating this complex market becomes a manageable endeavor. For more detailed information or personalized assistance, Ken Robinson can be reached at 423-902-6368, available seven days a week to address any questions or concerns. By understanding the current market trends and working with knowledgeable professionals, home buyers can confidently move forward on their path to homeownership.
