Mortgage

Sept. 30, 2024

Declining Mortgage Rates Are Drawing Buyers Back

 

Is It Time To List Your House? Falling Rates Suggest Yes

If you’ve been holding off on listing your house due to concerns about a slow market, now might be the perfect moment to reconsider.

After months of high mortgage rates sidelining buyers, things are starting to shift. Rates ...

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Posted in Mortgage
Sept. 18, 2024

Mortgage Rates Plummet to Lowest in Over a Year and a Half

Mortgage rates have recently reached their lowest level in more than 18 months, which is exciting news for prospective homebuyers who’ve been waiting for the right moment.

Even a slight dip in rates can significantly improve your monthly mortgage payment. However, the recent decline in rates isn’t minor. As Sam ...

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Posted in Mortgage
Aug. 26, 2024

What Mortgage Rate Are You Waiting For?

Mortgage rates have significantly impacted housing affordability in recent years, but there’s promising news on the horizon. Rates have recently dropped to their lowest point of 2024, according to Freddie Mac. If you're considering buying a home, you might be wondering how much lower they could go. Here’s what ...

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Posted in Mortgage
Aug. 11, 2024

Mortgage Rates Down a Full Percent from Recent High

Mortgage rates have recently dropped, reaching their lowest point since February, influenced by positive economic reports, inflation data, unemployment rates, and the Federal Reserve's comments. This decline improves home affordability and may encourage more buyers to enter the market. However, experts caution that the ultra-low rates of the pandemic ...

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Posted in Mortgage
July 17, 2024

Things To Avoid After Applying for a Mortgage

After applying for a mortgage, it's important to maintain financial stability and avoid actions that could jeopardize your approval.

 

Here are key things to avoid:

1. Large Purchases: Avoid making significant purchases, especially on credit. This can increase your debt-to-income ratio and affect your credit score.

 

2 ...

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Posted in Mortgage
June 27, 2024

Worried About Mortgage Rates? Control the Controllables

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

The ...

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Posted in Mortgage
May 3, 2024

Fed Holds Rates Steady, Noting Lack of Progress on Inflation

After the Fed met on Wednesday May 1st, You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates ...

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Posted in Mortgage
April 29, 2024

The Best Way To Keep Track of Mortgage Rate Trends

If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.

The problem is ...

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Posted in Mortgage
April 19, 2024

Should I Wait for Mortgage Rates To Come Down Before I Move?

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates ...

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Posted in Mortgage
March 26, 2024

What’s the Latest with Mortgage Rates?

Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the ...

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Posted in Mortgage