Mortgage News

  • Market update – October 22, 2021

    The housing market is still hot for sellers, but the mortgage rates have been trending up. They are now at the highest since early 2021. Houses are still selling at an incredible pace, typically sold within one week after listing with an agent. As in...

  • Avoid Foreclosures

    Foreclosure is beginning to see an uptick.  This is due to forbearance plans ending. Many home owners now face having to repay the full amount of deferred payments or adding the amount of suspended payments onto the monthly payment. There could be a ...

  • Waiting to refinance?

    While mortgage rates remain low, demand for refinances seem to be falling. Strangely, the refi rates on America’s most common mortgage options have fallen significantly below historical averages despite the reviving economy. Most forecasters believe ...

  • Alternative payment reporting

    A new credit coming to homebuyers who pay rent on time. Fannie Mae has announced a revolutionary new method in screening possible homeowners set to be put in place by the end of the month.  Available to renters making recurring rent payments (minimum...

  • Rent or buy?

    With a lack of home inventory many people are feeling that buying a home is an untouchable goal.  Many feel that they can’t afford to put down a down payment for a house, therefore renting a home was the alternative. There are a few factors to consid...

  • Market update – September 3, 2021

    Mortgage rates have risen slightly in the past week. There’s no need to worry though; the current rate for the 30-year fixed rate is still under 3% and likely will stay that way for quite a while. The mortgage market is still concerned with COVID-19’...

  • Perfect time to refinance or purchase

    New home listings are on the rise, and consequently, along with the drop in mortgage rates, buyers have been given a bit of much needed respite in the current housing market. The meager supply from the beginning of the year has eased, with more peopl...

  • End of forbearance plan?

    September 2021 marks the end of relief for the first wave of people who applied for the Government’s coronavirus mortgage relief program. As forbearance programs for mortgages begin to end across the country, many homeowners are reviewing their optio...

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