Home Loan Rate Trends Mortgage Rates Hit Another All-Time Low Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery. These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago … Learn more Primary Mortgage Market Survey® by Freddie Mac […]
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Mortgage Rates: Aug 27, 2020
Home Loan Rate Trends Mortgage Rates Fall This year has been anything but normal and as the uncertainty lingers, mortgage rates remain near record lows. These rates continue to incentivize potential buyers and the home buying season, which shifted from … Learn more Primary Mortgage Market Survey® by Freddie Mac Aug 27, 2020 30-Year FRM […]
Mortgage Rates: Aug 13, 2020
Home Loan Rate Trends Mortgage Rates Move Up Homebuyer demand remains strong, especially for those in search of an entry-level home where the improvement in affordability via lower mortgage rates has a material impact. Even with this week’s uptick, very low rates … Learn more Primary Mortgage Market Survey® by Freddie Mac Aug 13, 2020 […]
Mortgage Rates: Jul 30, 2020
Home Loan Rate Trends Mortgage Rates Remain Low Rates continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices … Learn more Primary Mortgage Market Survey® by Freddie Mac […]
Mortgage Rates: Jul 16, 2020
Home Loan Rate Trends Mortgage Rates Fall Below Three Percent Mortgage rates fell below 3 percent for the first time in 50 years. The drop has led to increased homebuyer demand and, these low rates have been capitalized into asset prices in support of the financial markets … Learn more Primary Mortgage Market Survey® by […]
Mortgage Rates: Jul 2, 2020
Home Loan Rate Trends Mortgage Rates Hit All-Time Record Low Heading into Holiday Weekend Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year. On the economic front, incoming data suggest … Learn more Primary Mortgage Market Survey® by Freddie […]
When is refinancing not a good idea?
Even with falling interest rates, a refinance may not be the best move. A mortgage refinance is when you take out a new home loan to pay off and replace your old loan. Common reasons to refinance are to lower the monthly interest rate, lower the mortgage payment, or to borrow additional money. When mortgage […]
Mortgage Rates: Jun 18, 2020
Home Loan Rate Trends Mortgage Rates Drop, Reaching Another All-Time Low While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009 … Learn more Primary Mortgage Market Survey® by Freddie […]
