A volatile week
It was another rough week for mortgage markets. Generally, things looked promising Wednesday when the Fed meeting revealed no policy changes. As a result, rates dropped from their peak. The next day, however, rates resumed their rise, and mortgage rates finished the...
Good news for the economy is bad news for rates
So far in 2021, mortgage rates have been on an upward path. Recently released economic data was stronger than expected - so the rising trend continues. As a result of the improving economic conditions, long-term bond yields (including mortgage rates) have risen...
Purchasing a home can help stabilize your expenses
One of the most common reasons people buy homes is for the immediate benefit of stable monthly payments. Once you own a home, you have a steady monthly mortgage payment for years with a fixed-rate mortgage. No more worrying about rental prices continuously going up. ...
Mortgage rates rise drastically as the economy recovers
The economic recovery continued in the United States. The recovery, combined with additional government stimulus on the way, lead to mortgage rates ending the week at their highest levels in a few months. The pandemic-related reduction in economic activity led to a...
Is 2021 a good year to buy a house?
Many industries faced significant problems in 2020 as a result of the coronavirus pandemic. The housing market was a different story - it thrived. Mortgage rates fell to historic lows while housing prices increased in most markets across the United States. With...
Appreciation of your home can lead to profits and a better bottom line
Owning a home can be a very smart financial decision. The value of your home is likely to increase over time. If you stay in the house long enough (typically at least 5 to 7 years), you could profit when selling your home. Housing prices can shift for various reasons,...
Tax Benefits of purchasing a home
One of the biggest benefits of owning a home is the tax breaks. Tax breaks are available for single-family homes, townhomes, condos, and manufactured homes. Homeownership tax benefits specifically come in the form of deductions. The most common types of tax deductions...
How does inflation factor into mortgages?
You may be hearing a lot about inflation over the next few months. Reduced economic activity caused by the pandemic has led to a decline in inflation. This slowing of inflation has played a role in record low mortgage rates. However, investors are now concerned that...
Refinancing to Consolidate High Interest Debt
As we said before, those Christmas credit card bills are starting to roll in. As a result of Christmas 2020, you may find that you have a sizable amount of high-interest credit card or personal loan debt. A cash-out refinance can improve your cash flow situation and...
A Cash-Out Refinance Can Eliminate Christmas Debt
It’s that time of year again. The holiday credit card bills are starting to arrive in the mail. Not only that, most people start the new year with a desire to improve their financial situations. With rates at an all-time low, a Cash-Out Refinance may be their way out....