Larger loan amounts require smaller mortgage rate drops before a refinance can be completed Loaner

Although 2025 gives hope for a drop in mortgage rates, this is still very uncertain. There are renewed fears that inflation could pick up, pushing rates higher in the new year. Especially as we welcome a new president who has promised to introduce inflationary policies, such as across-the-board tariffs. This affects not only potential homebuyers … Read more

If you are serious about selling your home, enter the Zestimate below Loaner

Recently, I came across two very different types of listings for sale on the market. There are the properties that are on hold in about a week, basically flying off the shelves. And there are the listings that languish in the market for months with little or no action. Often the difference is simply the … Read more

Homeowners who recently refinanced experienced the biggest improvement in their mortgage rates in decades Loaner

When mortgage rates fell to around 6% in August, homeowners jumped at the chance to refinance. During the months of September and October, more than 300,000 borrowers entered into refinancing, including nearly 150,000 rate and term refinances, according to ICE’s latest Mortgage Monitor report. This pushed refinancing volumes to their highest levels in more than … Read more

Unsubscribe before you start your mortgage search Loaner

Often when you apply for a mortgage you will be bombarded with offers from competing banks and lenders. The reason this happens is because the credit reporting agencies sell your information to these other companies. They are known as trigger tracks, which are triggered when you submit a loan application and your credit report is … Read more

The US president does not set mortgage rates Loaner

Mortgage rates are a fairly complex subject. They are also often misunderstood and oversimplified, and many myths are perpetuated by those working in the industry. Some people think that when the Fed cuts rates, mortgage rates go down by the same amount. Others might believe that the government sets rates one way or another and … Read more

Mortgage rates tend to fall within 12 weeks of an initial Fed rate cut Loaner

Lately, there has been a lot of speculation surrounding the direction of mortgage rates. I, too, have been very involved in this trying to figure out what the next step would be in terms of pricing. Despite the recent increase in the 30-year fixed rate from around 6% to 7%, I remain optimistic that a … Read more