Blog

Feb 23 2021
rates sheet background
We hear a lot about historically low mortgage rates these days, but are there better ways to save? In this video, our CEO and founder, Scott Gordon, discusses what to know about interest rates before you begin your search for a mortgage. Some of the topics he covers: Focusing on rate terms as opposed to […]
Feb 18 2021

Shopping for a home comes with many considerations, not the least of which is finding the right mortgage. One aspect that is often unfamiliar to homebuyers is how an optional fee, referred to as buying points, can impact the immediate and long-term mortgage costs.  While it may seem like another complicated decision to worry about, […]

Nov 10 2020
Homebuyers are likely to know acronyms such as ARM (adjustable-rate mortgage) or PMI (private mortgage insurance) thanks to their experiences shopping for a mortgage. However, LIBOR (London Interbank Offered Rate) is a term most will not recognize.   Despite its obscurity, the LIBOR and its impending disappearance as a standard mortgage benchmark rate may impact many […]
Sep 10 2020
While low interest rates are known for attracting new homebuyers and driving up mortgage applications, they can also affect the housing market. Much like other aspects of the economy, an increase in demand can lead to a rise in prices.  Fortunately, it’s not all bad news for buyers who are still planning to take advantage […]
Apr 16 2020
A small house next to a huge house. Maybe a graph that shows interest rates going down is superimposed in the blue sky above them.
The answer might not surprise you: it all depends on whether your budget can stretch beyond making a larger down payment. While falling interest rates allow for added purchasing power, it remains critical that you understand the true cost of any home—that’s especially the case if the property you’re now eying is a greater financial […]
Apr 9 2020
three people going over a document

Amid the COVID-19 Pandemic, emergency rate cuts by the Federal Reserve have brought the federal funds rate to nearly zero. While not directly influenced by those cuts, mortgage rates for home buyers have followed a similar, downward trend and hover near historic lows.  As applications for new mortgages and refinancing grow in response, homeowners with […]

Apr 7 2020
Fed building with a down percentage arrow icon
Since early March, the Federal Reserve has made two emergency rate cuts to the federal funds rate. The moves came in response to the coronavirus pandemic and its potential to dramatically slow economic growth in the United States and abroad. The action brings the borrowing rate to between 0 and .25 percent.  But with social […]
Dec 12 2019
In recent years, housing affordability has become a common phrase in news coverage and policy discussions throughout the United States. While financial circumstances are always unique to each individual, understanding the factors that impact the ability of an average family to afford a home where they reside is critical.  The most recently released data shows […]
Oct 1 2019

The Adjustable-Rate Mortgage (ARM) has been a useful option for borrowers looking to minimize their interest rate or planning another move sooner rather than later, and recently it has been growing in popularity. If you already have an ARM or are considering its advantages, it’s important to prepare for its namesake inevitability. Although the initial […]

Jul 16 2019

While Freddie Mac reports stable mortgage rates, that could change relatively soon. The Federal Open Market Committee decided not to issue a rate cut after a recent meeting on June 19, however, after much speculation and continued concerns over key economic factors, indicated that it may soon begin to lower interest rates.  While current global […]