Mortgage

Fun Facts On Sale Money is on sale (again). 30-year mortgage rates now sit at 3.3%. This is less than half of the long-term, 40-year average. This is also almost a full percentage point lower than they were one year ago (which was still very low). Let’s put this in real numbers. A $300,000 loan at today’s rates has […]
Fun Facts Corona Rates Interest rates on a 30-year mortgage right now are just about the lowest they have ever been in history. The rate today is 3.45% The lowest-ever in November, 2012 was 3.31% A year ago they were 4.35% So, what gives?  Why are rates so low?  It turns out that the coronavirus is pushing rates down […]
Economics 101 Rate Forecast Here is our interest rate Forecast for the next year. Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020. He doesn’t see rates going above 4.0% until at least the first quarter of 2021. This is obviously great news for buyers as their […]
Blog How’s the Market If you are curious to know the current stats, trends, and dynamics in our market, this online workshop is for you! See exactly what is happening in our real estate market today so you are clear about where it is going. The questions we will answer for you: – Are prices still going up? – […]
For Buyers The Risks and Rewards of Purchasing a Bank-Owned Home   The process of purchasing a home directly from a lender can be long and arduous, but could very well be worth it in the end. If you have your sights on a particular home or are looking to find a deal on your first, working directly with the lender may be your only option. […]
Blog Are You Better Off Paying Your Mortgage Earlier or Investing Your Money? Photo Credit: Rawpixel via Unsplash Few topics cause more division among economists than the age-old debate of whether you’re better off paying off your mortgage earlier, or investing that money instead. And there’s a good reason why that debate continues; both sides make compelling arguments. For many people, their mortgage is the largest expense they […]
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