Refinance or Not?
Monday, 10 August 2020
According to Freddie Mac, the mortgage rate for the 30-year mortgage rate is at 2.88% as of August 6, 2020, a new low. With that in mind, it’s best to begin the refinancing process. Though refinancing helps reduce your monthly payment, there’s actually more benefits to refinancing than it might first appear to have. Firstly,
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Choosing the RIGHT broker?
Thursday, 06 August 2020
It’s commonly said that cutting out the middle man will save you time and money but this couldn’t be further from the truth. Mortgage Brokers like myself can provide personal expert assistance, help streamline the process of getting a mortgage, and hiring a broker can usually save you more money that you could save on
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Market Update – July 6, 2020
Wednesday, 08 July 2020
Currently, the rates for a 30-year mortgage are at yet another record low! Scoring in at 3.07%, according to Freddie Mac. While Sam Khater, Freddie Mac’s chief economist projects that the rates for the 30-year mortgage could potentially dip below 3% this year, the economic data disagrees slightly. One economic factor that might disagree involves
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Market recap – June 12, 2020
Friday, 12 June 2020
What an interesting week with both stock and bond market! The stock market started early this week with 2000 points increase and dropped over 7% on Thursday. Jerome Powell, Chair of Federal Reserve, warned that the economy will take much longer time to recover due to the pandemic. The investors cooled their optimism after the
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Market Update – June 9, 2020
Tuesday, 09 June 2020
The coronavirus sweeping the nation has also swept the housing market off its feet. Mortgage rates have been dropped to ideal levels to help potential buyers with their purchases, and thereby slightly boosting the economy. Even before the pandemic, rates were already sliding downwards due to the Federal Reserve pushing policies that were aimed to
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