Interest rates have a decent effect on housing prices. The rates themselves are influenced by many things including the market, how people are saving money, and the moves the Federal Reserve takes. Because most people borrow money to buy houses, the housing prices are related to the current Read more
Go Mortgage Rate Shopping Without Affecting Your Credit Score
If there’s one thing every borrower must do when looking for a mortgage, it’s go rate shopping. You shouldn’t assume the offer you received from one lender is the only offer you’ll get. It may not be the best offer either. Wouldn’t you rather shop around to see what others lenders might offer Read more
How Rising Interest Rates Affect What Mortgage you Can Afford
No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A lower rate doesn’t necessarily Read more
What Does Rising Interest Rates Mean for You?
In the years that followed the 2008 housing disaster which affected global economies in collective, millions of American homeowners and homebuyers have benefited from historic low mortgage interest rates.The Federal Reserve’s efforts to raise the economy became a major driver in keeping this Read more
Mortgage Rates Steady – For Now
After falling for two consecutive weeks, mortgage interest rates remain steady, in tune with the 10-year Treasury yield for the week ending August 3, 2017. The 30-year fixed-rate (FRM) average rose slightly by 1 basis point.The Report According to the latest Freddie Mac Primary Mortgage Read more
