Interest Rates

Home/Tag:Interest Rates

An Overview Of Mortgage Points On Home Loans

Unless someone works in the real estate or mortgage industry, there is a high likelihood that they are going to run into unfamiliar terms. Appraisals, underwriting, and private mortgage insurance are a few of the examples. One of the most common terms that people might run into is termed mortgage points. Even though the term "points" might sound positive, this is not always the case. What do people need to know about mortgage points?

By |February 25th, 2021|Blog|Comments Off on An Overview Of Mortgage Points On Home Loans

Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let's compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.

By |February 19th, 2021|Blog|Comments Off on Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

Understanding The Key Factors That Affect Your Mortgage Interest Rate

When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate.

By |February 18th, 2021|Blog|Comments Off on Understanding The Key Factors That Affect Your Mortgage Interest Rate

How Low Can They Go: With Mortgage Interest Rates Low, Should You Refinance?

Do you have a mortgage? In today's blog post we'll explore the topic of mortgage refinancing, including when you should consider refinancing and how to take advantage of low interest rates.

By |January 13th, 2021|Blog|Comments Off on How Low Can They Go: With Mortgage Interest Rates Low, Should You Refinance?

What’s Ahead For Mortgage Rates This Week – October 5, 2020

Last week's economic news included readings from Case-Shiller Home Price Indices, along with Commerce Department readings on public and private-sector job growth and the University of Michigan's Consumer Sentiment Index. Weekly reports on jobless claims and mortgage rates were also released.

By |October 5th, 2020|Blog|Comments Off on What’s Ahead For Mortgage Rates This Week – October 5, 2020

Buying A Home With Cash Versus Low Interest Rate Mortgages

The real estate market has been in flux during the past few months. As a result, this could be a great time to both buy and sell a home. This is because mortgage rates are attractive for borrowers right now. With so many people who are looking to buy a home, is likely the people selling a home are going to receive multiple offers. On the other hand, given what the mortgage market looks like right now, borrowers also have attractive options.

By |September 24th, 2020|Blog|Comments Off on Buying A Home With Cash Versus Low Interest Rate Mortgages

What Is The Impact Of COVID-19 On Home Value?

It is no secret that the COVID-19 pandemic has had an impact on everyone; however, there are a few impacts that are being overlooked. In addition to the public health crisis and the tanking of the stock market, there are also impacts of the virus on people's home values.

By |August 4th, 2020|Blog|Comments Off on What Is The Impact Of COVID-19 On Home Value?

What’s Ahead For Mortgage Rates This Week – August 3, 2020

Last week's economic reports included readings from Case-Shiller Home Price Indices, data on pending home sales, and the consumer sentiment index released by the University of Michigan. The Federal Reserve released a statement from its Federal Open Market Committee and Fed Chair Jerome Powell gave a press conference. Weekly readings on mortgage rates and expanded reports on jobless claims were also released.

By |August 3rd, 2020|Blog|Comments Off on What’s Ahead For Mortgage Rates This Week – August 3, 2020

FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

Wednesday's post-meeting statement of the Federal Reserves Federal Open Market Committee reaffirmed its concern over the coronavirus pandemic and its impact on the economy and health of all Americans. The Committee voted to hold its benchmark target federal funds range at 0.00 percent to 0.25 percent. Analysts do not expect the Fed to raise its key interest rate more than once in the next three years.

By |July 31st, 2020|Blog|Comments Off on FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

Why Now Is A Great Time To Apply For A Home Loan

The idea of owning a home is enough to bring joy to nearly anyone's eyes. The reality is that many people are a bit skeptical about looking for a home in the present climate. While the pandemic can make it hard for people to go outside and explore, now is still a great time to apply for a home loan.

By |July 30th, 2020|Blog|Comments Off on Why Now Is A Great Time To Apply For A Home Loan