Category: Mortgage Rates
What You Should Know About Rising Mortgage Rates
March 5, 2023The biggest challenge the housing market’s facing is how few homes there are for sale.
3% Mortgage Rates Are Not Returning Anytime Soon
February 11, 2023Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power …
Mortgage Rates Will Come Down, It’s Just a Matter of Time
December 13, 2022This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact …
Factors That Impact Mortgage Pre Approval
November 26, 2022A Crucial First Step: Mortgage Pre-Approval Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying …
What Determines My Mortgage Rate?
November 16, 2022Four Things That Help Determine Your Mortgage Rate If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the …
Expert Forecasts on Mortgage Rates
September 13, 2022If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? …
