Home Loan Rate Trends Mortgage Rates Rise Optimism continues as the economy slowly regains its footing, thus affecting mortgage rates. Though rates continue to rise, they remain near historic lows. However, when combined with demand-fueled rising … Learn more Primary Mortgage Market Survey® by Freddie Mac Feb 25, 2021 30-Year FRM 15-Year FRM 5-Year ARM […]
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Mortgage Rates: Feb 11, 2021
Home Loan Rate Trends Mortgage Rates Remain Flat It’s a tale of two economies. The services economy remains in the doldrums, but the production side of the economy remains strong. New COVID-19 cases are receding, which is encouraging and that has led … Learn more Primary Mortgage Market Survey® by Freddie Mac Feb 11, 2021 […]
Mortgage Rates: Jan 28, 2021
Home Loan Rate Trends Mortgage Rates Move Down As the market reacts to a new administration in Washington and COVID-19 driven economic malaise, mortgage rates continued to decrease this week, just slightly. Even as house prices increase at the fastest rate … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan 28, 2021 30-Year […]
Mortgage Rates: Jan 14, 2021
Home Loan Rate Trends Mortgage Rates Tick Up As Treasury yields have risen, it is putting pressure on mortgage rates to move up. While mortgage rates are expected to increase modestly in 2021, they will remain inarguably low, supporting homebuyer demand … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan 14, 2021 30-Year […]
Mortgage Rates: Dec 31, 2020
Home Loan Rate Trends Mortgage Rates Remain Near Record Low Heading Into 2021 All eyes have been on mortgage rates this year, especially the 30-year fixed-rate, which has dropped more than one percentage point over the last twelve months, driving housing market activity in 2020 … Learn more Primary Mortgage Market Survey® by Freddie Mac […]
Mortgage Rates: Dec 17, 2020
Home Loan Rate Trends Mortgage Rates Hit Another Record Low The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months. Mortgage rates are at record lows and pushing many prospective … Learn more Primary Mortgage Market Survey® by Freddie Mac Dec 17, […]
Reverse Mortgage Myths
Reverse Mortgages: Myth vs Reality Listed below are some common reverse mortgage myths along with a brief explanation of the reality. M: You must own your home free and clear to qualify for a reverse mortgage. Reality: A 62-year-old homeowner needs to have a minimum loan-to-value (LTV) ratio of approximately 45%, and a 95-year-old can […]
Mortgage Rates: Dec 3, 2020
Home Loan Rate Trends Mortgage Rates Reach Another Record Low Despite persistently low mortgage rates, home sales have hit a wall. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase … Learn more Primary Mortgage Market Survey® by Freddie Mac Dec 3, 2020 30-Year […]
