After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week.Get today’s rates.According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market Survey(PMMS) for the week ending Read more
Archives for June 2017
Cash-out Refinances Pick Up, Plus Other Housing Trends in 1Q17
Refinances, particularly cash-out refinances, picked up during the first quarter of 2017 per Freddie Mac’s Housing Outlook in May. This resilience in refi activity, combined with declining mortgage rates and rising home prices, made Freddie to revise its projections for 2017, placing mortgage Read more
Fed Raises Benchmark Rate Again, How Will This Affect You?
The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25% effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this year. As the benchmark rate goes Read more
Homebuying Tips for the Season
Seasonality is probably something you did not think about when you first decided to get a home. But it’s a big factor in homebuying and could dictate the price options that are available to you.Aside from inventory and demand factors, there are also quite a checklist that every first-time Read more
Mortgage Rates Camp Out Below 4%, Now at Year-to-Date Lows
Mortgage rates remain below 4% amidst continued economic uncertainty as noted by Freddie Mac’s top economist in its Primary Mortgage Market Survey covering results for the week ended 22 June 2017.Interested in finding a lender? We can help you.» The Surveyed Week Rates During the surveyed Read more
