Watch Out for 8% Mortgage Rates
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if… Read More »Watch Out for 8% Mortgage Rates
Mortgage Rates
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.
HELOC Rates Expected to Rise Another 2% By Early 2023
In recent months, home equity lending has picked up speed as interest rates on first mortgages have effectively doubled. Long story short, it doesn’t make… Read More »HELOC Rates Expected to Rise Another 2% By Early 2023
The Buydown Loan: How to Get a Lower Rate the First Couple Years on Your Mortgage
Today we’re going to talk about a “buydown loan,” the latest effort by the mortgage industry to provide much-needed payment relief to borrowers. In recent… Read More »The Buydown Loan: How to Get a Lower Rate the First Couple Years on Your Mortgage
4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae
Might 2023 be good to mortgage rates? If you believe the latest Housing Forecast from Fannie Mae, then yes. Most everyone knows 2022 has wreaked… Read More »4.5% Mortgage Rates in 2023? That’s the Latest Estimate from Fannie Mae
Could a 50-Year Fixed Mortgage Finally Solve the Affordability Crisis?
With mortgage rates nearly double what they used to be, you might wonder if an alternative product like a “50-year mortgage” could improve affordability. Yes,… Read More »Could a 50-Year Fixed Mortgage Finally Solve the Affordability Crisis?
Mortgage Rate Predictions for the Rest of the Year (2022)
With all the seesaw movement in the first eight months of 2022, I wanted to throw out some mortgage rate predictions for the rest of… Read More »Mortgage Rate Predictions for the Rest of the Year (2022)
Why Did Mortgage Rates Drop So Much This Week?
If you’ve paid attention lately, you may have noticed that mortgage rates dropped by a sizable amount over the past week. And today, Freddie Mac… Read More »Why Did Mortgage Rates Drop So Much This Week?
Will Mortgage Rates Hit 7% Next?
It seems mortgage rates can’t catch a break in 2022, despite a few pullbacks here and there. However, those moments are often short-lived, and met… Read More »Will Mortgage Rates Hit 7% Next?
An Easy Way to Save Even More Money with an Adjustable Rate Mortgage
Because mortgage rates have more than doubled lately, interest in adjustable-rate mortgages has taken off. The popular 30-year fixed, which was priced as low as… Read More »An Easy Way to Save Even More Money with an Adjustable Rate Mortgage
Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?
It’s time for another mortgage match-up, the latest installment “mortgage rates vs. recessions.” This is a timely post seeing that mortgage rates have gone absolutely… Read More »Mortgage Rates vs. Recessions: Do They Go Up or Down During Hard Times?