Mortgage Rates and Financial News and Tips

Mortgage Weekly Update

Mortgage Rates Drop, but Price and Supply Problems Remain

By Aly Yale / July 22, 2021
Posted in

Mortgage rates inched down again this week. According to Freddie Mac, the average rate on a 30-year, fixed-rate loan was just 2.78% — down 10 basis points from the week prior.  The dip stems from rising economic uncertainty, particularly as…

Read More
How to Teach Your Child to Budget from a Young Age

How to Teach Your Child to Budget from a Young Age

By Tara Mastroeni / July 21, 2021
Posted in

The ability to create and stick to a budget is a life skill that is essential for every child to learn. However, financial acumen isn’t something that can be discussed once and internalized. Instead, it needs to be a knowledge…

Read More
Mortgage Weekly Update

Mortgage Rates Drop Again, Sending Home Purchases, Refis Upward

By Aly Yale / July 16, 2021
Posted in

Mortgage rates continued their decline this week, this time averaging a mere 2.88% on 30-year, fixed-rate loans. It’s the third consecutive week of dips, according to Freddie Mac. “Since their peak at 3.18% in April, mortgage rates have declined by…

Read More
4 Habits of a Financially Fit Homeowner

4 Habits of a Financially Fit Homeowner

By Tara Mastroeni / July 14, 2021
Posted in , ,

Buying a home is one of the biggest financial milestones of a person’s life. However, getting the keys comes with a lot of expense and added responsibility. In light of that, we’ve brought you four habits of a financially fit…

Read More
Mortgage Weekly Update

Rates Fall Across the Board, but Application Volume Continues to Dip

By Tara Mastroeni / July 8, 2021
Posted in

Mortgage rates fell once again this week, dropping to just 2.90% on 30-year, fixed-rate loans. Yet, despite the drop in rates, mortgage activity continued to decline overall. In particular, both purchase and refinance saw a decline over the last week.…

Read More
Mortgage Weekly Update

Mortgage Rates Fall, But It Can’t Stop Buyers from Pulling Back

By Aly Yale / July 1, 2021
Posted in

Mortgage rates dropped this week, averaging just 2.98% on 30-year, fixed-rate loans. Still, despite the slide, overall mortgage activity — both on purchases and refinances — declined. “Economic growth remains steady and is bolstering more segments of the economy,” said…

Read More
How to Create a Monthly Budget that Works for Your Household

How to Create a Monthly Budget that Works for Your Household

By Tara Mastroeni / June 28, 2021
Posted in

When you’re working on getting your finances in order, creating a monthly budget is one of the most fundamental steps you can take. However, if you’re newer to money management, this process can feel intimidating. In light of that, we’ve…

Read More
Mortgage Weekly Update

Mortgage Rates Tick Up, But Loan Applications Jump Anyway

By Aly Yale / June 25, 2021
Posted in

Mortgage rates inched past 3% this week, averaging 3.02%. According to Freddie Mac, it’s the highest rate seen in 10 weeks. Unfortunately, it likely won’t be the last, either. “As the economy progresses and inflation remains elevated, we expect that…

Read More
Different Offers from Different Lenders? Here’s Why

Different Offers from Different Lenders? Here’s Why

By Aly Yale / June 24, 2021
Posted in

When you shop around for a mortgage loan, you’ll quickly realize that every lender is different. With one, you might get approved for a loan at a 3.5% interest rate with zero closing costs, while another denies your application entirely. …

Read More
Have Student Loans? It's About to Be Easier to Get a Mortgage

Have Student Loans? It’s About to Be Easier to Get a Mortgage

By Aly Yale / June 23, 2021
Posted in ,

If you have student loans and are planning to buy a home or refinance soon, then take note: It’s about to get slightly easier — at least with FHA loans. Last week, the Department of Housing and Urban Development (HUD)…

Read More