6 Tips on When to Refinance Your Mortgage

A mortgage refinance means paying off the existing mortgage and replacing it with a new mortgage. There are quite a few reasons to refinance a home mortgage for the savvy homeowner. Here is your guide, six essential tips, on when to refinance your home loan to ensure you get the best deal possible. Tip #1:…

Rising Interest and Interested Homebuyers

On March 15, the U.S. Federal Reserve raised interest rates by a quarter of a point. While this signals their faith in the economy, it might make potential homebuyers feel a little nervous. Here are a few things to keep in mind. This Isn’t a Bad Sign In her press conference, Federal Reserve Chair Janet…

4 Ways Rising Mortgage Rates Can Be Good

Mortgage rates rose last December and by most projections, they are going to rise again in 2017. While higher interest rates can be trouble for home buyers, there are actually a number of advantages. It’s not all doom and gloom. In fact, higher rates do not necessarily mean that home buyers will have to pay…

Rising Mortgage Rates: Time to Buy?

To the surprise of both Wall Street and many industry experts, interest rates stayed competitive for most of 2016. There were a lot of factors that contributed to these favorable rates, both domestically and globally. Homebuyers getting a rate of 3.5% wasn’t only possible, it was actually quite frequent. The lowest rates of 2016 have…

Federal Reserve Opts to Not Raise Rates

When the Federal Reserve Board met in December 2016, they raised the rates. It was the first time they had raised the rates in a full year. The expectation was that they would continue to raise the rates throughout 2017. Interest rates have been very low for a long time, post-Great Recession. As the economy…

Higher Rates Shrink Refinance Market

Interest rates underwent a massive jump on November 8th immediately following the results of the presidential election. The surprise in the results, after so many political pundits nearly guaranteed a Democratic victory, caused uncertainty in the market with a big sell-off in Treasury bonds. The sell-off of these bonds caused an increase of 49 basis…

US Household Net Worth Rises to 90 Trillion in Q3

December saw gains in stock prices and real estate that pushed up the net worth of households in the United States. The results came from a report released by the Federal Reserve. For the quarter, net household worth rose to $90.2 trillion up from $88.6 trillion projection made in the previous quarter. According to a…

What Does the Future Hold for Mortgage Rates?

Mortgage rates have been very low for quite a while. In fact, rates have remained at favorable rates longer than almost any one predicted. November saw that change with a series of days in which rates climbed substantially. This type of increase was last seen in 2013 and before that, 1987. The spike has many…

Will Higher Rates Help Housing Supply?

Home values have been at their highest across much of the country since 2006. High home prices can certainly affected a homebuyer’s ability to purchase a new home with a mortgage loan.  Fortunately, interest rates have maintained their levels through the summer and into the third quarter. A number of different factors have kept the…

Stocks vs. Real Estate: Which Is Better?

Wise investors are looking for a place to grow their money, weighing a good return vs. risk. In 2008, the Global Financial Crisis threatened both the stock market and property values. Investors were left stuck with billions of dollars disappearing from the national economy overnight. Now with home values rising again, money managers need to…