Though the price of homes may still be rising, the cost of purchasing a home is actually falling. The X-Factor = Mortgage Rates.
One of the most important terms you’ll come across when shopping for a mortgage is APR, or annual percentage rate. But what exactly does it mean? Simply put, APR is a way of indicating the real cost of a mortgage, expressed as an interest rate. While the regular interest rate is the first thing most people look at when pricing … Read More
When buying a new home or refinancing, how will I know when to lock my mortgage rate? “Interest rates rise like a rocket and fall like a feather.” This old axiom holds a lot of truth. Generally speaking, rates tend to fall in a poor economy and rise in times of prosperity. But more to the point, it takes a … Read More
All of our Mortgage Rates are offered at 0 point cost with minimal or no closing costs on most programs. Call us today for a FREE LOAN ANALYSIS. CALL (800) 224-999 for current rates Trends: Mortgage Rates – This Week vs Last Week Mortgage Rates – 3-Month Trend Chart Mortgage Rates – 3-Month Trend Graph The chart below shows interest … Read More