by Alterna Mortgage | Oct 25, 2019 | Housing Market, Interest rates
The most significant economic data released this week came from the housing sector. In September, sales of previously owned (existing) homes, which make up about 90% of the market, fell a little more than expected from August but still were 4% higher than a year ago....
by Alterna Mortgage | Oct 18, 2019 | Interest rates, Refinancing
The stock market does not directly influence rates, but is a very good indicator on where rates may be going. I have mentioned in the past that bad news in the economy normally means rates will be decreasing. This is not always true, but most of the time it is. How...
by Alterna Mortgage | Oct 4, 2019 | Interest rates, Refinancing
Here comes the perfect storm for rates. You may want to get your refinance application in today. Or lock your purchase loans as this may be a small window that may only last for the next month or so. Remember: the rates are priced for what we think is going to...
by Alterna Mortgage | Oct 1, 2019 | Financing, Interest rates, Refinancing
There is a lot going on in the markets these days. Stagflation concerns are making it difficult for the federal reserve to make an additional rate cut in October. Some say it is about a 55% chance they cut rates. Recently, conventional thinking had it at a 99%...
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