Everything you’ve ever wanted to know about mortgage rates. And even more than that…quite possibly the most important aspect of the home loan process. After all, they stay with you for a long, long time.
A new survey from John Burns Research & Consulting found that 5.5% is the “magic mortgage rate.” By magic, they mean the threshold for a… Read More »We Need 5.5% Mortgage Rates (or Lower) to Attract Home Buyers
Yesterday, the Federal Reserve raised its benchmark federal funds rate a quarter point (.25%). As a result, some may have expected consumer mortgage rates to… Read More »Why Do Mortgage Rates Go Down When the Fed Raises Rates?
Mortgage rates fell. Then mortgage rates rose. Then mortgage rates fell again. What the heck is going on out there? Bank runs, bank failures, no… Read More »Mortgage Rates Are Very Volatile Right Now. Here’s What to Watch For
A lot of folks have pondered the buy now or buy later question when it comes to a home purchase. The waiters are waiting for… Read More »Here’s an Argument for the Wait to Buy a Home Crowd
You’ve heard about, you know about it. Last week, Silicon Valley Bank was the target of a bank run, prompting the FDIC to take over… Read More »Mortgage Rates vs. Bank Failures
The housing bears have ratcheted up their rhetoric lately, calling for an impeding crash. It’s not a crazy notion with home prices clearly unaffordable and… Read More »Today’s Homeowners Can’t Afford to Sell
It’s been tough sledding for mortgage rates over the past month. They were actually on a roll to start off 2023, falling for the entire… Read More »Why You Might Still See 5% Mortgage Rates
Mortgage Q&A: “Mortgage rates vs. home prices.” Today, we’ll look at the impact of home prices and mortgage rates on your decision to buy a… Read More »Mortgage Rates vs. Home Prices: Is There Really an Inverse Relationship?
These days, mortgage rates aren’t as cheap as they used to be. And that is the understatement of the century. The 30-year fixed is currently… Read More »Is It Worth Using a Mortgage Lender Now for the Promise of Waived Fees in the Future?
The housing market is in trouble. The latest blow being mortgage rates returning to 7%. But the ongoing issue has been a severe lack of… Read More »Can Free and Clear Homeowners Save the Housing Market?
