by Alterna Mortgage | Jun 14, 2021 | Credit, Financing, Home Buying, Interest rates, Refinancing
When getting ready to buy a house (or refinance), you will go through the process of getting your credit scores. Often times the credit scores are a bit different across the major bureaus when your credit is pulled by a lender. Why does this happen? Actually, there...
by Alterna Mortgage | May 28, 2021 | Financing, Home Buying, Housing Market, Interest rates
Spring is normally the hottest time of year for home sales. Buyers get serious when the warmer weather arrives and most families want to move before the next school year begins. Last year, the coronavirus crisis led to a housing market halt in mid-March, as states...
by Alterna Mortgage | May 18, 2021 | Home Buying, Housing Market, Interest rates
Low mortgage rates are adding fuel to a housing boom fire. House hunters are taking advantage of today’s historically low rates as soon as they possibly can. In fact, the interest rate on the nation’s most popular mortgage has dropped for the second week in a...
by Alterna Mortgage | Apr 30, 2021 | Housing Market, Inflation, Interest rates, Refinancing
There are a few things the financial markets are saying are important for interest rates, stocks, and the economy. One of them is inflation. The March Consumer Price Index (CPI) came in at 2.6% year-over-year, the highest level since August 2018. While there are key...
by Alterna Mortgage | Apr 26, 2021 | Inflation, Interest rates, Mortgage Programs, Uncategorized
Conventional wisdom tells us that when stocks rise, rates decline. It also typically tells us that when inflation moves higher, rates typically increase. Generally speaking, as the economy reopens, rates will rise. Here is what has happened recently. Stocks rallied to...
by Alterna Mortgage | Apr 19, 2021 | Home Buying, Housing Market, Interest rates, Mortgage Programs
Recent economic reports highlighted pent-up consumer demand as well as the positive impact of many states reopening their economies. Retail Sales, an indicator of consumer spending activity, rose a phenomenal 9.8% on a month-to-month basis. Initial Jobless Claims,...
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