Daily Rate Update: January 10th-14th

Thursday – January 13, 2022 Home borrowing costs rose to near levels seen in late March of 2020 (3.50%) this week though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 23 basis points to 3.45% … Read More

The Highest Rate of Inflation In 40 Years

Annual consumer inflation rose to the highest level in 40 years. The meteoric rise in prices was due to a spike in gas prices, the current supply chain shortage, a lack of workers along with big money flowing through the … Read More

Daily Rate Update: January 3rd-7th

Thursday – December 6, 2022 Home borrowing costs rose to near levels seen in April of 2021 this week and remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 11 basis points to 3.22 with 0.7 in … Read More

Daily Rate Update: December 6th-10th

Thursday – December 9, 2021 Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is 3.10% with 0.6 in points and fees. The record low was 2.65% … Read More

Things To Know Before Buying Up

By: apartmenttherapy A home is one of the most consequential purchases many people make in their lifetime. Between the down payment, monthly mortgage payments, and ramifications associated with defaulting, the stakes are certainly high. And those stakes are compounded if … Read More

Daily Rate Update: 11/29/2021-12/03/2021

Thursday – December 2, 2021 Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is 3.11% with 0.6 in points and fees. The record low was 2.65% … Read More

Daily Rate Update: November 15th-19th

Thursday – November 18, 2021 Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose three basis points to 3.01% with 0.7 in points and fees. The record … Read More

HousingWire: Mortgage rates drop below 3% yet again

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this … Read More

Daily Rate Update: October 11th-15th

Friday – October 15, 2021 The consumer is alive and kicking as we head into the holiday shopping season. September Retail Sales jumped 0.7%, well above the loss of 0.3% expected. August was revised higher to a gain of 0.9% … Read More

Should I Pay Off My Mortgage?

It is important to note that liquidity and building your investment asset portfolio is very important for you. Hence, you need to understand how important it is to stay liquid so that you can navigate the financial challenges we all incur from time … Read More

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