Inflationary pressures in the economy have moderated as a result of lower oil prices (which lower transportation costs) and slowed wage growth. As a result, interest rates stabilized this past week. Here is a link to the current Freddie
Rising Rates Knock US Home Buying Activity To Lowest Level In 4 Years
Last week showed the lowest level of mortgage application activity by U.S. consumers in the past 4 years. There are a lot of factors at play here – low national housing inventory, rising rates, and multiple bid situations on many
Should You Wait Until You Have 20% Down?
I was recently asked by a client about the potential costs of waiting until she could make a 20% down payment – since she only had enough for a 10% down payment when we spoke. Let’s take a look at
Should You Consider An ARM?
Adjustable Rate Mortgages got a bad name after the housing crisis and mortgage meltdown in 2008, but a lot of that reputation is unwarranted. Negative amortization ARMs, the worst culprits, are long gone. Interest-only ARMS are hard to find unless
Mortgage Broker or Mortgage Banker ?
Most borrowers focus on their mortgage rate and loan terms and never consider the type of lender they will choose. Read on to find out why that could be a mistake. Once upon a time you would obtain your home
Rates Continue To Rise
Rates are currently at a 2-year high, due to a number of factors – including the anticipation of higher inflation due to federal tax cuts which will increase consumer spending, as well as increased spending on infrastructure. The Fed raises