by Alterna Mortgage | Apr 10, 2024 | Financing, Home Buying, Interest rates
Over the past couple of years mortgage rates have risen to the highest rates in 20 years. In March 2024 the current 30-year fixed rate mortgage rate is 6.88% which is more than double what rates were during most of 2020 and 2021. However, when looking at mortgage...
by Alterna Mortgage | Apr 3, 2024 | Financing, Home Buying, Interest rates, Mortgage Programs
While mortgage rates don’t exactly depend on the Fed’s rate decisions, the Fed does have a big influence on the direction they take. And until issues with persistent inflation show more signs of easing, mortgage rates might not drop much. Despite their...
by Alterna Mortgage | Mar 26, 2024 | Home Buying, Housing Market, Real Estate
A federal lawsuit has forced changes to the way consumers negotiate and pay real estate agents. In October 2023, a federal jury in Missouri found that the National Association of Realtors (NAR), along with several large brokerages, conspired to inflate Realtors’...
by Alterna Mortgage | May 9, 2023 | Financing, Interest rates, Refinancing
They are fighting a new type of economic battle with the same approach. Even though they hint the issues may be different this time. On Wednesday May 3rd the Federal Reserve’s policy committee lifted interest rates by a quarter of a percentage point, the 10th hike of...
by Alterna Mortgage | May 3, 2023 | Financing, Home Buying, Interest rates, Refinancing
There are several factors that can affect your ability to qualify for a lower interest rate on a mortgage, including: Good credit score: Your credit score is one of the most important factors in determining the interest rate you qualify for on a mortgage. The higher...
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