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,...
by Alterna Mortgage | Mar 31, 2021 | Financing, Home Buying, Housing Market, Mortgage Programs
Anyone can look online at the general requirements to purchase a house. If you wander around long enough, you can figure out if you might qualify based on your current financial situation. When you’re ready to get serious about buying, though, you should take a look...
by Alterna Mortgage | Mar 7, 2021 | Home Buying, Housing Market, Mortgage Programs, Real Estate
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. ...
by Alterna Mortgage | Dec 3, 2020 | Financing, Housing Market, Mortgage Programs, Real Estate
The Federal Housing Finance Agency recently announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This means that you can now borrow an additional $38,150. This can get you a house with more square footage, more land, better...
by Alterna Mortgage | Nov 11, 2020 | Interest rates, Mortgage Programs, Refinancing
During the recent election uncertainty, mortgage markets have been relatively steady. This is likely a result of investors expecting government control to be divided between the Democrats and the Republicans. For mortgage markets, a divided government typically is...
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