With mortgage rates hovering around 5.5%, there might be the temptation to snag a 30-year fixed at say 4.875%, or 4.99% if a lender offers… Read More »Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
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.
Gone are the days of sub-3% 30-year fixed mortgage rates. Heck, even 4% 30-year fixed mortgage rates are a thing of the past, despite being… Read More »Why Are Mortgage Rates Going Up So Fast?
Everyone knows mortgage rates are no longer super cheap. The popular 30-year fixed was in the 2% range just last year and today is closer… Read More »Assumable Mortgages: A Little Known Tool You Can Use Now That Interest Rates Have Surged Higher
We’ve got 5% mortgage rates and record high home prices. Does this mean the seller’s market is finally over? You would think so, given the… Read More »Now That We’ve Got 5% Mortgage Rates, Is the Seller’s Market Finally Over?
We know mortgage rates are projected to keep rising, so what’s a cost-effective solution if you need a home loan today? Well, one idea is… Read More »Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?
For those new to mortgages, the number five might feel a bit foreign. Over the past decade and even longer, rates on the popular 30-year… Read More »Allow Me to Introduce You to the 5% Mortgage Rate
In a word, bad. At least in terms of historic interest rate moves, which have rarely rivaled the massive increases we’ve seen in such a… Read More »Mortgage Rates Have Jumped. Just How Bad Is It?
There’s an old adage in the commodities market that says, “the best cure for high prices is, high prices.” No, it’s not a typo. The… Read More »Is the Best Cure for High Mortgage Rates, High Mortgage Rates?