The world of mortgage rates has been a whirlwind in recent years. Remember those meager rates we enjoyed for a while? Well, they took a sharp turn upwards in 2023, causing a dramatic slowdown in refinancing activity. However, with whispers of potential interest rate cuts from the Federal Reserve, homeowners locked in mortgages during the high-rate period wonder if they should … [Read more...] about 3 Signs That Show It’s Time to Refinance Your Mortgage
Mortgage
Is It Time to Refinance Your Mortgage? Top 3 Tips to Know!
It's still uncertain when the Federal Reserve will start reducing interest rates. However, many homeowners who secured mortgages when rates were between 6% and 8% are closely watching for a chance to refinance at a lower … [Read more...] about Is It Time to Refinance Your Mortgage? Top 3 Tips to Know!
Flatlining Mortgage Demand Despite Moderate Interest Rates
The spring housing market is slowing unexpectedly, as only a few people are applying for mortgages. The Mortgage Bankers Association (MBA) says the number of applications stayed about the same last week, dropping just a little by 0.7% from the week before. One reason for this slowdown is the change in interest rates. The average interest rate for 30-year fixed-rate mortgages … [Read more...] about Flatlining Mortgage Demand Despite Moderate Interest Rates
Mortgage Demand Surges as Interest Rates Dip Below 7%
In a development that has captured the attention of potential homebuyers and homeowners alike, mortgage rates have recently plummeted, dipping just below the significant 7% mark. This drop has led to a considerable increase in people wanting mortgages each week, giving a little hope in a tough housing … [Read more...] about Mortgage Demand Surges as Interest Rates Dip Below 7%
Mortgage Rate 2024: Demand Surges Despite Creeping Rates
The new year has sparked a glimmer of hope for homebuyers and refinancers alike as mortgage demand mounts despite increasing interest rates New data from the Mortgage Bankers Association shows that the total mortgage application volume jumped nearly 10% last week compared to the prior … [Read more...] about Mortgage Rate 2024: Demand Surges Despite Creeping Rates