The past few years of historically low interest rates—between 2 and 4%—have kept peoples’ monthly payments low by usually several hundred dollars.  Consumer price index showed prices inflated 8.5% in March from the same time last year.  The biggest increase since 1981.  With the hope of inflation has peaked, the producer price index on Wednesday,

As the world focused on Russia and Ukraine while promoting economic sanctions on the former, interest rates were expected to fall. And most interest rates did indeed fall with average 30-year fixed mortgage rates briefly touched below 4% on Tuesday, mortgage rates have actually risen over the past week. The current mortgage rates are about

Refinance applications kicked off the first week of February with a surprising increase of 18%! Homeowners across the country are hurrying to lock in the current rate in fear of likely rate increases above 4%. The average 30-year fixed rate was already up a bit to 3.75% as of second week of February 2022. Many

As the interest rates started to climb higher, refinance scams started to surge.  Refinance fraud has become far more common with the onset of the pandemic, and to avoid them, it would be best to first understand what most scammers are after.  Refinance scams often are made in order to obtain information rather than cash. With

Rates are at the level as 2019.  If you were one of the 5 million homeowners who did not take the advantages of low rates in 2020 and 2021, you will find the interest rates have gone up approx. 0.5% ($136/mo. mortgage payment for a loan amount of $500,000) since January 2022. According to Freddie