by Alterna Mortgage | Jul 17, 2020 | Interest rates, Refinancing
Since mortgage rates at an all-time low, refinancing has become a hot topic for homeowners. There is a good reason for this: refinance could lower the interest rate on a homeowner’s mortgage and save them significant money in the long term. As we have mentioned...
by Alterna Mortgage | May 12, 2020 | Financing, Interest rates
The interest rates in the 1980s were high. With a few exceptions, they have generally been on a decline ever since. Want to see what your current home mortgage would have been like in 1983? How about in 1979? Or 1995? Take a look at our Historical Rate Chart. Endless...
by Alterna Mortgage | Apr 30, 2020 | COVID-19, Interest rates
The fed meeting on April 29th addressed the fact that they are going to use all the tools in their arsenal to get the economy back. It looks like their main goal is to instill some stability in the market. As such, they will be keeping rates low for a while. “The...
by Alterna Mortgage | Apr 28, 2020 | Interest rates
Most people have an easier time interpreting numbers when they are presented to them visually. Endless numbers on a spreadsheet don’t always paint a clear picture of the current situation with regard to rates. So we have added a few interactive visual charts to...
by Alterna Mortgage | Apr 4, 2020 | COVID-19, Financing, Interest rates
What has been happening with the mortgage industry since COVID-19 was classified as a pandemic? In short: a lot. Economies have come to a standstill and financial markets have been turned completely on their head. Let’s take a look at exactly what happened....
by Alterna Mortgage | Mar 5, 2020 | Interest rates
The Federal Reserve implemented a half-percentage-point rate cut on Tuesday. Markets slid, amidst fears the coronavirus epidemic is raising recession risks for the U.S. and global economies. The Fed reduced the federal-funds rate to a range between 1% and 1.25%. This...
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