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.
According to an article by Matthew Graham for Mortgage News Daily, “the jobs report has a more consistent track record of causing big market movement than any other piece of economic data”. He further states “the underlying bond market improved throughout the day and held onto that improvement, resulting in lenders offering lower rates”.
If you haven’t refinanced lately, it is time to consider taking advantage of low rates. According to an article on Mortgage News Daily there were over 8 million properties that are considered to be refinanceable in June 2019.
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.
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:
According to a recent article written by Devon Thorsby for usnews.com, the increase in home purchase and rental prices are causing many to be displaced from the neighborhoods they have lived in for years. The article is filled with valuable information including ways to fight being forced from your community by becoming a more active member in it.
It is often said that location is the most important aspect to consider when purchasing a home, however for many the decision is driven by size and amenities. Both location and size are crucial factors, but which is more important to you depends on what matches your lifestyle.
Most of the country is enjoying a beautiful start to spring with flowers beginning to bloom and summer just around the corner.
For many, the spring season is a time when they consider purchasing a home. The residential real estate market in spring of 2018 brings with it some challenges for homebuyers as the inventory is limited, prices are increasing, and mortgage rates are on the rise.