Mortgage Rates and Financial News and Tips
Rates Jump Up and Applications Drop Down
On Thursday, June 1, 2023, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent, up from last week when it averaged 6.57 percent. A year ago at this time, the 30-year FRM…
Read MoreUnderstanding Your Mortgage Quote
Buying a home is a significant financial commitment, and understanding your mortgage quote is crucial to avoid surprises down the line. Your lender will provide a mortgage quote based on various factors, and being aware of these elements can help…
Read MoreBest Loan Options for Experienced Home Buyers
As an experienced home buyer, you have likely gained valuable insights and a deeper understanding of the mortgage landscape. With your previous experience, you may be ready to explore advanced loan options that cater to specific needs and situations. In…
Read MoreSigns It May Be Time to Refinance
If you’re like most Americans, your home is your biggest asset. It’s also probably the biggest loan you’ve ever taken out. Mortgage terms typically last for 30 years, which means you’ll likely be paying on your home long after the…
Read MoreUSDA Loans: An Affordable Loan Option
If you’re in the market for a new home and are looking for an affordable loan option, you may want to consider a USDA loan. USDA loans are a type of mortgage loan backed by the United States Department of…
Read MoreWhat Does It Mean to “Have Equity” in Your Home?
If you’re a homeowner, then you’ve probably heard of home equity before — at least in some form or fashion. Whether your neighbor recently did a cash-out refinance or you’ve been told you can “take money out of your house”…
Read MoreWhat Does a “Cash-Out Refinance” Mean?
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to cover your nephew’s first year of college tuition. Whatever the reason, you know that…
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