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 […]
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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 […]
Mortgage Rates: Jun 4, 2020
Home Loan Rate Trends Mortgage Rates Tick Up Slightly As the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are … Learn more Primary Mortgage Market Survey® by Freddie Mac Jun […]
Escrow Accounts
What is an escrow account? An escrow account, sometimes called an impound account, is set up by your mortgage lender to pay certain property-related expenses. The money that goes into the account comes from a portion of your monthly mortgage payment. An escrow account helps you pay these expenses because you send money through your […]
Mortgage Rates: May 21, 2020
Home Loan Rate Trends Mortgage Rates Decrease For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic. As states reopen, we’re seeing … Learn more Primary Mortgage Market Survey® by Freddie Mac May 21, 2020 30-Year FRM 15-Year […]
Mortgage Rates: May 7, 2020
Home Loan Rate Trends Mortgage Rates Tick Up Slightly Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high. Although purchase demand declined thirty-five percent … Learn more Primary Mortgage Market Survey® by Freddie Mac May 7, 2020 30-Year FRM 15-Year FRM […]
Mortgage Rates: Apr 23, 2020
Home Loan Rate Trends Mortgage Rates Increase Slightly Mortgage rates have stabilized over the last few weeks as the market searches for direction in the fog of economic data. While financial markets initially rallied on the news of Federal Reserve support … Learn more Primary Mortgage Market Survey® by Freddie Mac Apr 23, 2020 30-Year […]
