All posts tagged: Mortgage

Home Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year

Home sales were strong throughout 2020, with purchase applications up 42% in December 2020 compared to same period in 2019. These results are much better than many projected in early 2020, when the Covid Pandemic brought our nation to a standstill for months. The historically low mortgage interest rates in 2020 is the clear reason for the stellar home sales market performance.  

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Notary Near YouHome Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year
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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 React To Strong Jobs Report

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”.

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Notary Near YouMortgage Rates React To Strong Jobs Report
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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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