Blog
10,
2020
16,
2020
9,
2020
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 […]
7,
2020
12,
2019
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 […]
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 […]
11,
2019
Savvy home buyers know that timing is the name of the game when it comes to closing on a home. The month of June has one of the highest home-for-sale inventories, and this generally continues through the summer months. More homes on the market during peak homebuying season means more competition on price and more […]
21,
2019
A credit score doesn’t tell a lender everything about a person’s finances, but it does help paint a picture to determine if you’re a safe credit risk. And, as we’ve written before, your credit rating impacts both your ability to get a mortgage and the mortgage rate offered. If you’re a first time home buyer, […]
16,
2019
For first-time homebuyers navigating the market, the Federal Reserve report (released this past February), can be difficult to decipher. Not only is the report full of financial jargon, it also requires a good deal of reading between the lines to understand its impact. To help explain the recent Federal Reserve report and what it might […]
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