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What A Possible Fed Rate Drop Means for Investors
August 19, 2024 | 2 Minute Read Mortgage rates are currently near their lowest levels in over a year, prompting many borrowers to take action. Mortgage applications rose by 17% in the week ending August 9, according to the Mortgage Bankers Association’s Market Composite Index, which was released on Wednesday. This increase pushed the index, […]
The 5/1 ARM’s Come Due for 1.7M Homeowners
July 8, 2024 | 2.5 Minute Read Time Unlike the more popular fixed-rate mortgage loans, ARMs can provide temporary relief for homebuyers wanting to avoid higher mortgage rates, but they come with risks. After the fixed introductory period — usually five, seven, or ten years — the rate on an ARM adjusts periodically based on […]
Mortgage rates hold firm, but for how long?
April 6, 2024 | Reading Time: 2.5 Minutes Mortgage interest rates persist at steady but heightened levels, providing potential homebuyers with a sense of stability as they navigate the market this spring. According to the latest Freddie Mac survey, the 30-year fixed rate has edged up slightly this week to an average of 6.82%, compared […]
