by Alterna Mortgage | Sep 16, 2022 | Financing, Home Buying, Interest rates
In September, the Fed is slated to double the current caps to $95B. What does this mean? Starting next month, the first $60B in Treasuries and $35B in MBS proceeds the Fed receives through bond maturing, refinance or purchase activity will be given back to the...
by Alterna Mortgage | Jul 9, 2022 | Financing, Home Buying, Housing Market, Interest rates, Refinancing
While rates were on the rise at the beginning of the year, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7. This was down from 5.70% the week before. Economic concerns have pushed them lower in recent weeks. Rates are still higher than they...
by Alterna Mortgage | Jun 25, 2022 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate
This report from the Oregon Office of Economic Analysis said nearly 168,000 households in the Portland area have been priced out of the housing market this year. “30-year mortgage rates have risen from around 3% at the end of 2021 to just over 6% in recent days,” the...
by Alterna Mortgage | Jun 16, 2022 | Home Buying, Housing Market, Inflation, Interest rates
The Federal Reserve announced on Wednesday it raised benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades. Chair of the Federal Reserve Mr. Powell also...
by Alterna Mortgage | Jun 7, 2022 | Home Buying, Housing Market, Interest rates, Real Estate, Uncategorized
Despite the rise in home prices and rates, and in some cases a lack of inventory, it can still a good time to buy a home. Case in point: if you’re already ready to buy a home, you could lock in a favorable interest rate before things shift. Rates seem high at 5+%, but...
by Alterna Mortgage | May 17, 2022 | Financing, Housing Market, Interest rates, Real Estate, Refinancing, Uncategorized
The Fed may be over cooking the rate hikes. The result might lower the long-term rates. One week after the first .50% rate hike in 22 years, there were many Fed officials out using soothing rhetoric in an attempt to reassure financial markets they will be able to...
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