by Alterna Mortgage | Jan 14, 2020 | Refinancing
Is it the right time to refinance? Some homeowners who try to time the market in order to get the best rate can end up saving a lot of money. However, many of them end up kicking themselves for years to come because they missed the boat. Conventional wisdom says rates...
by Alterna Mortgage | Jan 5, 2020 | Financing, Interest rates, Refinancing
After dropping more than a full point from the end of October in 2018 to the end of October in 2019, mortgage rates barely changed during November and December. Several factors have affected rates over the past year, including economic data, Fed policy, and the trade...
by Alterna Mortgage | Oct 18, 2019 | Interest rates, Refinancing
The stock market does not directly influence rates, but is a very good indicator on where rates may be going. I have mentioned in the past that bad news in the economy normally means rates will be decreasing. This is not always true, but most of the time it is. How...
by Alterna Mortgage | Oct 4, 2019 | Interest rates, Refinancing
Here comes the perfect storm for rates. You may want to get your refinance application in today. Or lock your purchase loans as this may be a small window that may only last for the next month or so. Remember: the rates are priced for what we think is going to...
by Alterna Mortgage | Oct 1, 2019 | Financing, Interest rates, Refinancing
There is a lot going on in the markets these days. Stagflation concerns are making it difficult for the federal reserve to make an additional rate cut in October. Some say it is about a 55% chance they cut rates. Recently, conventional thinking had it at a 99%...
by Alterna Mortgage | Sep 30, 2019 | Interest rates, Refinancing
President Donald Trump’s Twitter tweets regarding the Federal Reserve are prompting investors to bet the central bank will bow to political pressure and lower interest rates. Trump has frequently used social media to criticize the Fed and Chairman Jerome Powell for...
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