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Don't Let Rates keep you from Buying or Selling

Don't Let Rates keep you from Buying or Selling

It's no secret that mortgage interest rates have risen this year. Rates have risen almost four percentage points in less than a year. That kind of rate increase can be stressful for home buyers? But what about home sellers? How do increasing rates affect

Sep 20, 2022 | Interest Rates

Mortgage Rates are Seasonal and Other Secrets

Mortgage Rates are Seasonal and Other Secrets

We’ve known for decades that home buying and selling follows seasonal patterns, but a recent study* from housing tech startup Haus found that mortgage interest rates also have their own pattern. They also uncovered several other tidbits about how and when

Mar 10, 2021 | Interest Rates

Why ARM Loans Don’t Make Much Sense Right Now

Why ARM Loans Don’t Make Much Sense Right Now

If you are looking to buy a home soon or to refinance your current mortgage, you know that interest rates are very low.  In recent weeks, the average rate on a 30-year fixed-rate mortgage is below 3%. In fact, rates have been setting record lows

Jan 20, 2021 | Interest Rates

How Much of My Income Should Go to My Mortgage?

How Much of My Income Should Go to My Mortgage?

Back in the U.S. housing boom in the early 2000s, mortgage money flowed freely, with many borrowers being qualified for more loan than they could actually afford. When the housing bubble burst and the entire economy took a hit, those same home buyers ofte

Dec 09, 2020 | Interest Rates Preapproval Mortgage Advice

What Happens If I Lose My Job During the Mortgage Process?

What Happens If I Lose My Job During the Mortgage Process?

You are midway through the process of closing on a new home or a refinance mortgage. Then you lose your job. In today’s coronavirus crisis climate, plenty of home buyers and homeowners have faced this situation. Can the home loan go through or is it

Jul 29, 2020 | Interest Rates

Can a Higher Interest Rate Actually be a Better Choice?

Can a Higher Interest Rate Actually be a Better Choice?

Mortgage interest rates are near record lows again. This can mean great deals for homebuyers and great savings for homebuyers. Some lenders will even start advertising rates that are at least a half point lower than the average national rate. Buyers and r

Mar 27, 2020 | Interest Rates

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