When buying a home, you’d be faced with the quintessential question: How much can I afford? There’s the matter of how much of your income should be spent on your mortgage to be settled. Then as a follow-up, how much of this income should go to your mortgage’s interest. If you’re keen on saving on Read more
Mortgage Rates Rise So Do Mortgage Applications
With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time this 2017. Meanwhile, mortgage Read more
Mortgage Rates Are Low Again, Should You Refinance?
As of January 19th, the 30-year mortgage rate averaged 4.09% from the prior week’s 4.12%. The results of Freddie Mac’s latest weekly survey on mortgage rates mark the second week they’ve dipped lower. And when rates are low, the question of refinancing is in order. Will rates remain low to merit a Read more
Rates Drop for the First Time After Elections
Brexit caused a celebration for the US housing market, bringing down mortgage interest rates to near historic lows and making homeownership available to American homebuyers more than ever. However, another market reaction spurred a surge in rates. After the phenomenal Brexit last July, the results Read more
