Offering white-glove, five-star customer service, and competitive interest rates are two priorities we always strive for. We aim to serve our customers with honesty, integrity, and competence while providing borrowers with a home loan personalized to their unique financial situation. We are rapidly...
While today's mortgage rates remain below recent highs right now, many borrowers have been left wondering whether they should jump into the market or wait for rates to fall further — especially as the Fed has signaled additional rate cuts are likely through 2025. ...
If you can afford to buy a home at today's rates, it may be worth jumping in before this occurs, as refinancing later if rates drop further is a possibility but you can't get back today's prices after a cost surge in the housing market....
While mortgages do not typically provide any capital appreciati on, they do generate a steady stream of interest payments, which, in today’s market, can significantly exceed current money market interest rates. Unlike stocks, the underlying security is tangible bricks and mortar, where legal ...
1) Understand How Inflation Affects Mortgage Rates Knowing when to refinance is like being a bond trader. Bond traders obsess over inflation assumptions, and you should have at least a basic assumption as well. Clearly, there has been tremendous monetary expansion recently, which should ultimately ...
With rates just above 6%, some 4.2 million borrowers could lower their rates by at least .075% in refinancing, which is the best deal since early 2022. Figure that someone with good credit and significant home equity could save around $299/month. (9/20/24 WSJ) ...
Why is this important? The 10-year rate and 30-year fixed mortgage rates tend to move together. The average 30-year mortgage in mid-2016 was closer to 3.5% (chart source). Even before this most recent rate drop, mortgage originations had already spiked, per theWSJ). A swing from 5% ...
The Fed thus strengthens the government’s net financial position, but increases the fiscal risk of future increases in interest rates. When the Fed buys Treasuries, for example, it replaces long-term debts with very short-term ones, bank deposits. That’s been a profitable trade in recent ...
Don’t get distracted by the rising rate song from the Street. We don’t look for short or medium term interest rates to rise in the near term or frankly for years. Agency 1.5% coupons “did not find a place in the latest Fed’s purchase schedule. It is possible (they) are included...
WON’T CRASH MARKETS- MFGlobal’s Jaret Seiberg: “Our biggest worry throughout this refinancing drama has been that the final product could destroy investor confidence in the MBS market, which could have reduced liquidit...