by Alterna Mortgage | Oct 14, 2024 | Financing, Home Buying, Housing Market, Interest rates, Real Estate
Do they continue to cut the rates? Do they pause? It could go either way. The Federal Reserve on Wednesday September 18th enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort...
by Alterna Mortgage | Oct 5, 2024 | Housing Market, Real Estate
Buyers: Home Prices Won’t Come Crashing Down Good things may come to those who wait, but patience doesn’t always pay off in the housing market. Two-thirds of homebuyers are waiting for mortgage rates to fall this year before buying a home. In the time that...
by Alterna Mortgage | Aug 24, 2024 | Home Buying, Housing Market, Real Estate
Sales of existing homes broke a four-month slide in July. Prices continued their increase for the 13th straight month with the median national sales figure rising to $422,600. Easing inflation helped accelerate the decline in mortgage rates in mid-July and rates...
by Alterna Mortgage | Jul 15, 2024 | Financing, Housing Market, Interest rates, Refinancing
Jerome Powell concluded his visit to Capitol Hill as part of his twice-yearly report on the state of the economy this week. Powell said the risks to the economy have become better balanced, allowing him to broaden his focus beyond getting inflation down. He’s watching...
by Alterna Mortgage | Jun 6, 2024 | Home Buying, Housing Market, Real Estate
Homeownership has slipped out of reach for millions of Americans thanks to the astronomical rise in mortgage rates and an ongoing inventory shortage. Now, there is another obstacle to buying a home. Investors and hedge funds are snatching up properties at the fastest...
by Alterna Mortgage | Jun 3, 2024 | Home Buying, Housing Market, Interest rates, Mortgage Programs, Real Estate
Refinance to a Shorter Term: Refinancing your mortgage to a shorter term, such as a 15-year mortgage, can result in higher monthly payments but a lower overall interest cost. Make Extra Payments: One of the most straightforward ways to pay off your mortgage faster is...
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