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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Norad

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Mortgage Rates Predictions for Next 90 Days: October to December 2025

Here’s the bottom line upfront: Most experts believe mortgage rates will dip slightly over the next 90 days, likely settling in the 6.2% to 6.5% range by mid-December 2025. While this offers a glimmer of hope for potential homebuyers, significant drops below

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Today’s 5-Year Adjustable Rate Mortgage Rises to 7.39% – June 25, 2025

Are you thinking about buying a home or refinancing your mortgage? It’s essential to stay up-to-date on the latest mortgage rate trends. As of today, June 25, 2025, the national average 5-year Adjustable Rate Mortgage (ARM) has risen to 7.39%. This increase of

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Is Cape Coral the Next Florida Housing Market to Crash?

If you’re thinking about buying or selling a home in Cape Coral, Florida, you need to be aware that the Cape Coral housing market is currently facing a high risk of price decline. Recent data from Cotality (formerly CoreLogic) shows that Cape Coral

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Florida Housing Market Forecast for Next 2 Years: 2025-2026

The Florida housing market has always been a topic of interest for buyers, sellers, and investors alike. With its sunny beaches, vibrant cities, and booming tourism industry, the real estate market in the Sunshine State has seen significant growth over the years. However, with any market experiencing rapid growth, there comes

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Interest Rate Predictions for the Next 2 Years Ending 2027

Are you wondering where interest rates are heading? You’re not alone! The Federal Reserve’s (the Fed’s) interest rate decisions affect everything from your mortgage payments to the growth of your investments. So, what’s the scoop for the next two years? Expert predictions suggest

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U.S. States With Lowest Mortgage Rates Today – June 25, 2025

If you’re looking for the U.S. states with the lowest mortgage rates today, June 25, 2025, your search ends here! As of today, the states boasting the cheapest 30-year new purchase mortgage rates are Colorado, Massachusetts, New York, California, Connecticut, Washington, Maryland, and

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Mortgage Rates Predictions for Next 90 Days: July-Sept 2025

Are you thinking about buying a house or refinancing your mortgage? I know how important it is to keep a close eye on mortgage rates. Getting a good rate can save you a lot of money in the long run!

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Mortgage Rates Today June 25, 2025: Rates Drop Across the Board, Offering Significant Savings

As of June 25, 2025, mortgage rates have seen a slight decrease, providing potential homeowners and those looking to refinance a bit of financial reprieve. The national average for a 30-year fixed mortgage rate stands at 6.81%, a dip from 6.83% the day before. This

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5 Popular Florida Housing Markets Are at High Risk of Price Crash

If you’ve been anywhere near the Florida housing market, you know things have been wild for the last few years. Prices shot up faster than a rocket from Cape Canaveral! But lately, the tune is changing. According to the latest

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U.S. States With Lowest Mortgage Rates Today – June 24, 2025

Looking for the states where you can snag the best deal on a mortgage right now? As of today, June 24, 2025, the U.S. states with the lowest mortgage rates for a 30-year new purchase are Colorado, Massachusetts, New York, Utah, California, Virginia,

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Interest Rate Predictions for the Next 3 Years: 2025, 2026, 2027

Are you trying to figure out what the future holds for our wallets is always top of mind. And right now, one of the biggest questions that keeps popping up is: what’s going to happen with interest rates in 2025,

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Unemployment Fears Hit Pandemic Levels: Highest Since April 2020

Have you noticed a nagging worry in the back of your mind lately? It’s not just you. According to a recent survey, unemployment fears are on the rise, hitting levels we haven’t seen since the early days of the COVID-19 pandemic. Despite

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Top 10 Cities Where Home Prices Have Crashed Since 2024

Want to know where home prices are dropping the fastest? Well, the top 10 cities where home prices have crashed or fallen the most since last year are spread across the US, from New Jersey to California, with some areas seeing

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Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief

Are you glued to your screen, refreshing for some good news on mortgage rates? Well, for the week of April 14-21, 2025, don’t expect a dramatic drop. The truth is, mortgage rate predictions are pointing towards continued volatility, with rates likely hovering

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Mortgage Rates Go Down Below 7%: Should You buy or Refinance?

Are you dreaming of owning a home or perhaps considering a refinance? Well, there’s some good news to share! As of today, mortgage rates have gone down below the 7% mark. According to recent data from Zillow, the 30-year fixed purchase rate

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Top 10 Most Ghetto Cities in California: Dangerous Cites to Live

California is known for its beautiful landscapes, sunny beaches, and booming tech industry. However, it also has its fair share of dangerous cities with high crime rates. While some cities in California are known for their safety and security, others

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How Does Buying a House in Cash Affect Taxes?

The dream of owning a home is a powerful one, fueled by the promise of stability, equity, and a place to call your own. But for many, the financial hurdle of a mortgage can seem daunting. Enter the idea of

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How Much Does a Realtor Make on a 100,000 Sale?

A realtor’s income depends on the commission rate they charge and the commission split they have with their brokerage. The commission rate is usually a percentage of the home’s sale price, and it can vary by location, market conditions, and

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How Much Does a Realtor Make on a $500 000 Sale?

Selling a home is a significant financial decision, and it’s natural to wonder how much your realtor will earn from the transaction. The compensation structure for real estate agents can seem complex, but understanding the basics can help you negotiate

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Are High Interest Rates a Ticking Time Bomb for the Housing Market?

Are high interest rates a ticking time bomb for the housing market? In a word, yes, but it’s a complex situation. While the housing market isn’t about to explode overnight, the sustained pressure of elevated interest rates – currently hovering near

News Bot April 16, 2025 External Articles Read more

Expect High Mortgage Rates Until 2026: Fannie Mae’s 2-Year Forecast

If you’re holding out hope for a big drop in mortgage rates in 2025, I’ve got some news: don’t count on it. According to Fannie Mae’s January 2025 Economic Developments report, mortgage rates aren’t expected to decrease significantly in the coming year. They

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Today’s Mortgage Rates February 1, 2025: Rates Drop Again

As of February 1, 2025, mortgage rates are hovering in the mid-6% range, providing potential homebuyers and those looking to refinance with a clearer picture of what to expect in today’s market. With current rates at 6.59% for a 30-year fixed mortgage and 5.89%

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Las Vegas Housing Market: Trends and Forecast 2025-2026

The current Las Vegas housing market trends show a mixed bag of indicators, but overall, the market is showing signs of stabilization with modest growth. While the median home price saw a slight decrease in December 2024, the year ended with a

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Today’s Mortgage Rates January 31, 2025: Rates Drop, Key Trends

As of January 31, 2025, today’s mortgage rates are seeing a slight decrease compared to previous weeks, with the average 30-year fixed mortgage rate now standing at 6.96%. This reduction is significant for potential home buyers and those considering refinancing, as

News Bot February 1, 2025 External Articles Read more
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  • Michael Gersitz
  • Phone: (716)870-5786
  • Office: (716)302-5222
  • Email: michael.gersitz@signature-wny.com
  • Website: michaelgersitz.com
  • Mailing Address: 2468 Niagara Falls Blvd, Suite #5

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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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