Category: Interest Rate

2021 July 26

9 Factors Affecting Interest Rates on Mortgages

9-factors-affecting-interest-rates-on-mortgages

Let’s tackle the crucial factor in the home buying process – money! Mortgages and interest rates are the big buzzwords when discussing your options and potential costs. But what exactly does that mean?  A mortgage is any type of loan that is used to purchase or refinance a house. When you have a mortgage, interest

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2021 July 15

How Increasing Mortgage Credit Availability Is Helping First-Time Buyers

How increasing mortgage credit availability is helping first-time buyers

It’s pretty common knowledge that a lot goes into buying a new home – mentally, emotionally, physically, and financially. For most people, it is one of the most important steps they will take in their adult life.  In 2020, our nation’s economy took a staggering blow due to the COVID-19 pandemic. Slowly but steadily, we

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2021 May 11

4 Tips You Should Know While Navigating 2021’s Tight Housing Market

4-TIPS-TO-NAVIGATE-2021-TIGHT-HOUSING-MARKET

The current real-estate market in 2021 is experiencing high demand but is lacking supply. Not to mention, the rise in mortgage rates and home prices are up by 8%! The high demand and lack of supply in the market is because of the effects of COVID-19 causing interest rates to hit all-time lows. Moreover, the

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2021 April 2

House Price vs. Interest Rate: What’s More Important?

house-price-vs-interest-rate-whats-more-important

The pandemic at the start of 2020 led the housing market to see an increase in housing prices. In November of 2020 according to S&P CoreLogic Case-Shiller National Home Price NSA Index, house prices rose about 9.5%. In turn, mortgage rates have been decreasing. According to the National Association of Realtors (NAR), experts have predicted

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