Mortgage News

  • Market Update – July 6, 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% ...

  • Market recap – June 12, 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 tim...

  • What to expect if you are interested in refinancing

    Total mortgage applications shot up 7.3% due to refinances just recently. Currently, every lender is trying their hardest to help people take advantage of the historically low mortgage rates, but they’re also required to validate as close to the clos...

  • Buying or selling a home during the pandemic

    Home sales usually take multiple days, and in a churning economy like now it’s more important than ever to learn the practices and precautions to help encourage clients to buy your properties or for you when you are out looking to buy. The first, phy...

  • Market update – April 16, 2020

    It’s an excellent idea to get a mortgage if you still have your job. Although the interest rate for a mortgage is not at zero percent, the current rates for mortgages are extremely low. However a lot of lenders have tightened up the guidelines toward...

  • Coronavirus (COVID-19) Help

    To ALL my past, current and future clients. DO NOT apply for forbearance on your mortgage payments unless it is 100% necessary. The payments are NOT FORGIVEN. It is imperative to understand all the implications before doing so. Contact me today to di...

  • Fed cuts rate to ZERO?!

    What does this mean for my mortgage? I am getting a flood of texts, emails, and voicemails. Although the Fed lowered the PRIME RATE, they did not just drop mortgage rates to 0%. Short-term debts are based on prime; auto loans, credit cards, HELOCs, a...

  • Mortgage rates are at a new low

    Literally anyone who has received a mortgage in the past 50 years can find a better rate now! Current mortgage rates, as you may have heard, are dropping as a direct result of the worries about the Corona-Virus pandemic. The fact that it’s spreading ...

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