Category: Financing

In a year where mortgage rates have returned to over 7%, it's astonishing to reveal that nearly half of recent home buyers managed to secure a mortgage rate below 5%. This remarkable achievement amid soaring interest rates indicates that smart strategies and …Read more  »

After the election on November 7th, 2024, mortgage rates jumped. Nobody really expected that. Lots of people thought rates would go down, but now the rate for a 30-year mortgage is a whopping 6.63%. It just goes to show how …Read more  »

This week, as the Federal Reserve prepares to announce its next interest rate cut, many people are curious about the implications for mortgage rates. The Federal Open Market Committee is meeting Nov. 6 to 7. After making a larger, half-percent …Read more  »

As of November 6, 2024, mortgage rates have risen, averaging around 6.60%, just prior to the Federal Reserve's critical meeting this week. This increase reflects ongoing uncertainty surrounding the recent presidential election and hints at the Fed's necessary decisions regarding interest …Read more  »

Mortgage rates jumped up on Election Day, November 5th, 2024! They're higher than last week – a pretty big surprise. The experts say it's because of things changing in the economy and everyone's wondering what will happen after the election. …Read more  »

As we move into November 2024, mortgage rates are expected to fluctuate, with predictions suggesting that they could decrease further. Currently, mortgage rates stand at approximately 6.54%, an increase from 6.44% reported in October. Industry experts anticipate potential cuts in the federal funds …Read more  »

Buying a house with no money down is possible, but it requires a good credit score. To buy a house with no money down, you typically need a credit score of at least 620. However, certain programs like FHA loans …Read more  »

While the interest rate is undeniably the headliner, grabbing your attention with its bold numbers, it's just one piece of a complex financial puzzle. Beneath the surface of that seemingly attractive rate can be hidden costs that can significantly impact …Read more  »

Today’s mortgage rates reflect a notable increase, with the average rates for different loan types rising compared to last week. This shift means that anyone looking to borrow money for a home will find themselves dealing with a more expensive …Read more  »