Interest Rates are Low, for how long?

Are Low Interest Rates Here to Stay? Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning … Continue reading Interest Rates are Low, for how long?

Don’t Get Scared as Rates Rise Slightly

Mortgage rates throttle higher, but relief lies ahead So far this year, the 30-year fixed is still averaging 4.42%, down from 4.54% in 2018 Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers. The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, … Continue reading Don’t Get Scared as Rates Rise Slightly

What Mortgage Rates are anticipated to do

Thank you #Marketwatch I wonder how this will shape out next year at this time. Whose prediction will win?! http://ow.ly/7jMg30n1mN5 http://ow.ly/i/KatDQ

Ready for the Rate Hikes?

Mortgages fast approaching 5 percent, a fresh blow to housing market Mortgage rates hit their highest level in more than seven years this week at nearly 5%, a level that could deter many home buyers and represents another setback for the slumping housing market. The average rate for a 30-year fixed-rate mortgage rose to 4.9%—the … Continue reading Ready for the Rate Hikes?

Interest Rates have been Historically low, still waiting to buy?

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?   Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by … Continue reading Interest Rates have been Historically low, still waiting to buy?

5% Interest Rates

U.S. housing market faces '5-percent' test NEW YORK (Reuters) - The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years. Even as home prices have climbed steadily thanks largely to a … Continue reading 5% Interest Rates

What does the Rate Hike mean to you?

  What a Fed rate hike means for you, at any age Sarah Skidmore Sell and Stan Choe, AP Business Writers,Associated Press 22 hours No matter your age, what the Federal Reserve does to interest rates will most likely affect you. The central bank raised what's called the federal funds rate by a quarter of … Continue reading What does the Rate Hike mean to you?

Mortgage Rates are Rising

~ Mortgage Rates are rising again, the decade of the past with historically low rates is coming to an end. If you are looking to buy don't hesitate!! If you have any questions give me a call. Need a lender to speak to, give me a call! ~ Mortgage rates hit a seven-and-a-half-year high as … Continue reading Mortgage Rates are Rising

Did it just get harder for homebuyers?

The Fed just made life even worse for homebuyers As the busy spring selling season comes to a close, some Americans see their dream of homeownership under siege on three fronts. The housing supply is low. Interest rates are rising. And even Canada plays a foil: Tariffs on lumber have sent the price of construction … Continue reading Did it just get harder for homebuyers?

How does the latest interest rate hike impact you?

How does the latest interest rate hike impact you?    The Federal Reserve says a "resilient economy" is one reason why it's raising a key interest rate for the second time this year. The central bank increased the short-term rate a quarter point on Wednesday to a range of 1.75 to 2 percent. The Fed … Continue reading How does the latest interest rate hike impact you?