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Keep Your Eye On: Now

There is a lot of talk and prediction about the future of mortgage interest rates and home sales prices. The variables that lie in the future for both of these topics will happen. What does this mean for those of us who are considering refinancing or purchasing a home? It means that interest rates and home prices may go up or may go down.

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Notary Near YouKeep Your Eye On: Now
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Outcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases

A recent article on CNBC.com, written by Jeff Cox, and Titled: Fed holds rates steady near zero and indicates it will stay there for years, includes the following statement  “Projections from individual members also indicated that rates could stay anchored near zero through 2023. All but four members indicated they see zero rates through then. This was the first time the committee forecast its outlook for 2023.” The article details the projections and expectations of the policymaking Federal Open Market Committee.

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Notary Near YouOutcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases
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With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?

The year of 2020 will be remembered by many people and for many reasons. The year was rocked by a pandemic with a ripple effect that created an economic recession; complex social unrest; and a highly polarized presidential election.  Oh, and let’s not forget it was also a year of historically damaging wildfires and hurricanes!

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Notary Near YouWith Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?
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Have You Heard about 1.99% Mortgage Rates? There’s a Catch!

The mortgage industry has been offering incredibly low rate loans with low or no fees. Recent weeks have seen some mortgage lenders promoting their new 1.99% fixed rate loans, but it’s important to understand the fees involved in these loans. They might be a very good choice for some borrowers but are also a very wrong choice for many.

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Notary Near YouHave You Heard about 1.99% Mortgage Rates? There’s a Catch!
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Mortgage Rates Plunge to All-Time Lows

Home owners and home buyers across the nation are thrilled to have an opportunity to secure a mortgage rate that is the lowest rate ever offered in the US. During a year that has seen a pandemic and civil unrest, the nation also enters a time where the average lender is offering mortgage rates that are below 3%.  

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Notary Near YouMortgage Rates Plunge to All-Time Lows
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Mortgage Refinance Boom Creates Pressure on Lenders

Lenders across the US are struggling to keep up with the Mortgage Refinance Boom. The recent Federal Reserve rate cut has motivated many homeowners that were waiting for the right time to refinance to make their move and file an application.  Major lenders are doing their best to meet the need including hiring new loan underwriters, processors, and closers.
Purchase application volumes have also increased to the highest level in over 11 years, which is adding to the pressure on the entire mortgage industry affecting lenders, appraisers, and title companies.

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Notary Near YouMortgage Refinance Boom Creates Pressure on Lenders
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