Tag: 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 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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