From January 2021 through April 2021, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.
Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year.
As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.
Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows.
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various…
If your financial situation allows, now may be a great time to lock in at a low mortgage rate to benefit greatly over the lifetime of your loan.
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…
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…