It’s October 2022, and the housing reports for the 3rd quarter of 2022 are out. It is no surprise that the housing market has been cooling down over the past few months. What is a bit of a shock is just how drastic the change has been in some areas of the country. Real Estate… Continue Reading
With many economists predicting the Federal Reserve to continue to rise rates to combat inflation, that spells unwelcome news for many would-be first-time homebuyers looking to purchase a property. The Fed has already raised rates three times this year and most expect that we’ll see two more rate hikes before 2022 comes to a close.… Continue Reading
As we close out the third quarter of 2022, mortgage rates have hit a 20-year high. The 30-year rate on fixed-rate mortgages sits at just over 7% now. If you need to buy a home or refinance your current mortgage, what can you do to save on your mortgage right now? Let’s explore some money-saving… Continue Reading
The Federal Reserve announced last week that it will again raise rates by three-quarters of a point in an effort to combat the highest level of inflation seen in the United States in decades. While the Fed does not control mortgage rates directly, this decision will undoubtedly influence the current mortgage rates available today. First-time… Continue Reading
“To Lock Or Not To Lock”- may not be the age-old question…but definitely a relevant topic as we close out the 3rd quarter of 2022. Currently, rates are trending up, so it is a perfect time to find out how you can benefit from locking your mortgage rate. Here is what we will be covering… Continue Reading
Home loans for people with bad credit are surprisingly available. If you have had credit challenges in the past and want to refinance or buy a home, you have options. There are excellent loans such as FHA and VA loans that give you the opportunity to buy or refinance a home even if you have… Continue Reading
Federal Reserve raised the federal funds rate in the United States again today in an attempt to quell rising inflation. While the Fed does not have direct control over mortgage rates, they often rise when the federal funds rate also heads north. As of the time of this writing, the average 30-year fixed mortgage rate… Continue Reading
Think you may have missed the opportunity to refinance your home mortgage? Think again! You may still benefit from refinancing even though rates have recently gone up. While conventional loans make up the large majority of home mortgages, there are millions of borrowers who have other types of loans. Those loans are usually taken out… Continue Reading
A credit score is arguably the single most important factor for lenders when determining whether you qualify for a mortgage or not. Not only that, but your credit score will also determine what type of loan you can get when finding financing for your next home purchase. The score is important to lenders because it… Continue Reading
With the uncertainty surrounding today’s mortgage market and skyrocketing prices to buy real estate, buyers are having to come up with more and more cash to cover the costs of closing and buy-down their interest rates. As of the time of this writing, the average interest rate on a 30-year mortgage is 5.95%. By comparison,… Continue Reading