Interest Rates

  1. Should I Wait Until Next Year to Buy a Home?

    National home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over t…Read More

  2. Where Are Mortgage Rates Headed in 2018?

    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Ec…Read More

  3. Renting Or Buying, Either Way You’re Paying A Mortgage!

    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magaz…Read More

  4. Another Interest Rate Hike Likely In March

    According to MarketWatch reports that the Federal Reserve will make some hawkish changes to its statement this week and confirm that another rate hike is coming in March. The members of the Fed’s interest-rate setting body will want to send “some modest signal” that a rate hike is very likely…Read More

  5. Why Is There So Much Paperwork to Get a Mortgage?

    Why is there so much paperwork asked by the lenders for a mortgage loan when buying a home today? It seems that the lenders need to know everything about you and your spouse and requires separate sources to validate each and every entry on the mortgage loan application. Many buyers are being tol…Read More

  6. 8 Tips For Refinancing As Mortgage Interest Rates Rise

    So you want to refinance, but mortgage interest rates are rising. Don’t worry — you haven’t missed the boat on your refi opportunity. Mortgage rates are still historically low, and they aren’t expected to exceed 5% in 2017, according to many economists and mortgage analysts. 1. Make your mov…Read More

  7. Breaking: Fed minutes show rate hike coming soon

    Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike “fairly soon” might be appropriate to avoid the risk of an overheated economy, minutes of Federal Open Market Committee’s latest meeting showed. “Many participants expressed the view that it …Read More

  8. More single women are buying homes, says new report

    The relationship status of homebuyers is shifting. In 1985, 81 percent of homebuyers were married couples. Today, that figure is closer to 66 percent, even though the number of unmarried couples buying homes has only barely grown. What accounts for the change? All the single ladies. Some 17 percent …Read More

  9. The Impact Your Interest Rate Has on Your Buying Power

    Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are ex…Read More

  10. Skip A Mortgage Payment For Holiday Expenses? If You Refinance

    Skip Your Mortgage Payment Instead Of Skipping The Holidays They say there’s no place like home for the holidays. There’s also no time like the holidays to rack up major credit card expenses that will make you wince once it’s time to pay them off in January. However, there’s one strategy you…Read More