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We always keep an eye on trends that shape the lending landscape—because understanding where the market is headed means we can better serve our clients. Commercial mortgage originations in the U.S. jumped 16% year over year in Q2, signaling increased confidence and activity among borrowers. What stands out to us is how alternative lenders now…

One of the first questions we hear from homebuyers is: How much do I actually need for a down payment? The answer isn’t one-size-fits-all. Depending on the loan program and your eligibility, down payments can range from 0% (like with VA and USDA loans) to over 20%. Conventional loans typically start around 3%, while FHA…

As you start your journey to homeownership, it’s important to ask the right questions—because understanding the details now can save you stress later. At KC Mortgage Duo, we encourage clients to clarify their budget, list their must-haves, and consider how long they plan to stay in the home. Don’t overlook the full range of costs…

With all the talk about where mortgage rates might go, many are asking if we’ll see rates hit 7% in 2026. Right now, 30-year fixed mortgages are hovering between 6.7% and 6.9%. Of course, what you qualify for can depend on your credit, where you’re buying, and your overall financial picture. Rates could rise if…

As educators and advocates in the home financing journey, we’re seeing more buyers explore global rent-to-own agreements as a stepping stone toward homeownership. These arrangements allow renters to move in now, build savings for a future down payment, and work toward qualifying for a mortgage down the line—something we know can be especially valuable for…

Understanding how mortgage late payments work can make a world of difference for homeowners navigating their loan responsibilities. Most US mortgages are due on the first of the month, followed by a 15-day grace period. After that, late fees—often around 5% of your overdue principal-and-interest payment—may kick in, and if a payment is still missing…

As you take the exciting step into homeownership, it’s important to look beyond the down payment and closing costs. From our experience guiding clients through their first year in their new homes, we’ve seen how expenses for repairs, furnishings, and appliances can catch many by surprise if they aren’t prepared. Did you know that newly…

When you’re preparing to buy or sell a home, it’s important to know what to expect at closing. We often guide our clients through this step, making sure there are no surprises. Closing costs—like commissions, title insurance, taxes, fees, inspections, and prepaid expenses—can add up quickly. Some of these are negotiable between buyers and sellers,…

Many folks are hoping to see homebuying become more affordable soon, but here’s a look at what could be ahead: By 2027, mortgage rates are projected to remain around 7%, and home prices may rise another 2.2%. Inflation and high building costs are expected to keep affordability tight—even if we see some price drops in…

Keeping you updated on Missouri’s mortgage landscape: the 30-year fixed APR is now at 6.813%, with the 15-year fixed at 6.012%. If you’re looking at larger properties, jumbo 30-year rates have dipped slightly to 6.68%. For those considering a refinance, the 30-year fixed refinance rate has moved up to 6.864%, mirroring what we’re seeing across…