The Federal Reserve's path to a rate increase is a treacherous one: a path paved with easy money from other global central banks and lined with a gauntlet of possible hazards. The markets may not believe the Fed will actually raise interest rates this year, but it may surprise them with at least one hike late in the year. In fact, there could be … [Read more...]
Reasons Why You Should Buy Your New Home Before Spring
Reasons Why You Should Buy Your New Home Before Spring If you are planning to get a home but were intending to wait until spring, here are a few reasons why it’s best not to wait and to purchase your new home now. With predictions of mortgage rates, interest rates and fewer homes on the housing market, it is best to take advantage of the current … [Read more...]
Low Mortgage Rates Are Persistent
Lowest Mortgage Rates 2014 Over the course of 2014, we’ve watched a very interesting phenomenon take place in home mortgages. Despite the fact that many economists and experts predicted that mortgage rates would rise from last year’s rates, they have remained persistently low. This was a surprising turn that no one expected, considering that almost … [Read more...]
How to Compare Mortgage Rates
Obtaining the best rates for your mortgage loan can help you save thousands of dollars in the long run and set you up with mortgage deals that not many people can benefit from. While lenders often advertise their own rates as being the “best”, not every offer can be considered as a viable one, and borrowers usually have to employ a fair degree of … [Read more...]
Mortgage Lending Forecast for 2014
2013 saw a significant recovery of the housing and mortgage industry. A process that will continue in 2014 as well, according to the latest forecasts. However, this consolidation of the housing market will be accompanied by certain new rules in the domain of obtaining mortgages as well. Changes in the Procedure of Providing Mortgage Loans In … [Read more...]
How To Compare Home Loan Rates
It is my personal opinion that comparing an APR is not a fair way to compare rates between lenders. Now, I know that the APR was originally constructed to be able to compare one rate that would consist of all of the costs for the transaction between lenders, but unfortunately, there is more to it than that. The short video below goes over some of … [Read more...]
