All posts tagged: Interest Rates

Interest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity

MortgageNewsDaily.com reports that according to Ice Mortgage Technology (formerly Ellie Mae), in their Loan Origination Report for January, “closed loans continued to show declining note rates in January, dropping from an average of 2.93 percent in December to 2.88 percent” and also includes “Interest rates continued to decline in January, driving up the share of refinances by seven percent,”

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Notary Near YouInterest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity
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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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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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Low Interest Rates Will Continue

Debates about the future of our national economy have always involved many different viewpoints and opinions.  Economic advisors and experts build their opinions on a variety of factors, and it is interesting to read their diverse projections. One thing they cannot debate is the fact that our nation has had a decade of low interest rates.

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Notary Near YouLow Interest Rates Will Continue
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Will We Continue to Enjoy Low Mortgage Interest Rates?

If you purchased a home in the 80’s it likely included a double-digit mortgage interest rate. According to an article on ValuePenguin.com “over the past 48 years, interest rates on the 30-year fixed-rate mortgage have ranged from as high as 18.63% in 1981 to as low as 3.31% in 2012.”  You can read the complete article including historical graphs here:

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Notary Near YouWill We Continue to Enjoy Low Mortgage Interest Rates?
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Real Estate – Are You Staying Ahead of the Curve?

Notary Near You, strives to stay abreast of industry changes as we search for ways to better serve our customers. 

Real Estate professionals understand the importance of staying ahead of the curve regarding buying trends, interest rates, and other key topics that impact the buyers and sellers’ we serve.

The entire team at Notary Near You, strives to stay abreast of industry changes as we search for ways to better serve our customers.  With the variety of real estate predictions, available from a vast array of sources, we carefully choose what information we bring forward.

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Notary Near YouReal Estate – Are You Staying Ahead of the Curve?
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