Interest Rates

May 10, 2024

What Is Going on with Mortgage Rates?



You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That ...

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March 26, 2024

What’s the Latest with Mortgage Rates?



Recent headlines may leave you wondering what’s next for mortgage ratesMaybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or ...

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Feb. 23, 2024

How Changing Mortgage Rates Impact You [INFOGRAPHIC]



a house with many different colored numbers

Some Highlights

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Feb. 21, 2024

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year



There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.

And if you’re looking to buy or  ...

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Feb. 12, 2024

What’s Really Happening with Mortgage Rates?



Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true.

The simplest answer is ...

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Jan. 17, 2024

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers



If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below ...

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Jan. 8, 2024

What Lower Mortgage Rates Mean for Your Purchasing Power



If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie ...

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Jan. 3, 2024

Thinking About Buying a Home? Ask Yourself These Questions

 



If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and ...

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July 19, 2023

Explaining Today’s Mortgage Rates



If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.  

But, there’s one thing that’s historically a good indicator ...

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July 18, 2023

Homebuyers Are Getting Used to the New Normal



Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

To better understand what’s been happening ...

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