Category: Financing

For prospective homeowners and those looking to refinance, the latest news on mortgage rates may not be the most reassuring. As of April 17, 2024, rates on 30-year mortgages have experienced a significant surge, reaching their most expensive level since …Read more  »

The Federal Reserve's meetings are always closely watched by financial experts and consumers alike, as the decisions made can significantly influence the economy, including mortgage rates. As we approach the April 2024 meeting, there is a heightened interest in whether …Read more  »

New home construction experienced a significant setback in March, marked by a notable decline in activity across various regions, especially in the Northeast. This downturn coincided with a surge in mortgage rates, with the benchmark 30-year fixed rate loan inching …Read more  »

If you are planning to buy a home or refinance your existing mortgage in the next decade, you might be wondering what will happen to the mortgage interest rates in the future. Will they go up or down? How much …Read more  »

As the economic landscape shifts with rising inflation, prospective homeowners and current borrowers are facing a new challenge: mortgage rates nearing the 7% mark. This significant increase is a reflection of the broader economic conditions, particularly the inflation rate that …Read more  »

A credit score of 700-800 is considered very good. It is above the national average credit score, and it will qualify you for the best interest rates and terms on loans and credit cards. An 800 credit score is considered …Read more  »

Buying a home is a major life milestone, and it can be especially daunting for first-time homebuyers. The down payment, closing costs, and monthly mortgage payments can all add up to a lot of money. But don't worry, there are …Read more  »

If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high. High inflation, one of the most potent culprits, sits at the forefront of the problem. When the …Read more  »

The Federal Reserve, often referred to as the Fed, plays a crucial role in shaping the economic landscape of the United States. One of its most significant functions is influencing interest rates, a mechanism that has far-reaching implications for the …Read more  »