Mortgage Rates and Financial News and Tips

Mortgage Weekly Update

Homebuyer Demand Remains Strong, Despite Rising Mortgage Rates

By Aly Yale / March 26, 2021
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Mortgage rates rose yet again, dampening refinance demand significantly.  According to the latest data from the Mortgage Bankers Association, the average rate on a 30-year, fixed-rate loan now clocks in at 3.36% — up 0.50 since the start of 2021.…

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Paying Off Debt? 4 Tips to Help You Make More Progress

Paying Off Debt? 5 Tips to Help You Make More Progress

By Tara Mastroeni / March 22, 2021
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Paying off debt is never easy, but it can be done. Plus, the feeling of relief when you’ve finally paid down your balances is like no other. With that in mind, if you are serious about getting your finances under…

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What You Need To Know About The Comparative Market Analysis (CMA)

Sellers, Here’s What You Need To Know About The Comparative Market Analysis (CMA)

By Tara Mastroeni / March 19, 2021
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When you hire a real estate agent to help you sell your home, one of the things that they will do for you is to help you decide on the correct listing price for the property. However, many sellers wonder…

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Mortgage Weekly Update

Purchase Activity Continues Rising Despite Another Uptick in Rates

By Tara Mastroeni / March 19, 2021
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Overall activity decreased again this week as mortgage rates continue to rise. The Mortgage Bankers Association (MBA) reported in their weekly survey that mortgage applications fell by another 2.2%. However, despite the overall decrease, purchase activity seems to be heating…

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5 Times You Might Want to Use a 15-year Loan

5 Times You Might Want to Use a 15-year Loan

By Aly Yale / March 17, 2021
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The 30-year mortgage might be the most common, but it’s not always the best choice for every homebuyer. In fact, it’s often the most expensive mortgage you can go with — at least in the long term.  Just consider, for…

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Mortgage Weekly Update

Purchase Loans Increase; Refis Slide as Rates Jump Again

By Aly Yale / March 11, 2021
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Once again, mortgage rates are up, and overall activity is down. According to the Mortgage Bankers Association, mortgage applications were down 1.3% this week.  Refinancing activity dipped 5% and is now 43% lower than it was a year ago. The…

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Mortgage Weekly Update

Mortgage Rates, Applications Jump Thanks to Economic Optimism

By Aly Yale / March 5, 2021
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Mortgage applications recovered slightly from last week, inching up 0.5% compared to the week prior, according to the Mortgage Bankers Association. Purchase loans increased by 2%, while refinance loans rose just 0.1%. The news is a little surprising given the…

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Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

By Aly Yale / March 3, 2021
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It’s a great time to refinance. Mortgage rates are hovering around record lows, home prices are rising (hello, increased equity!), and just about all of us could use a lower payment and fewer costs these days. These are just a…

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Mortgage Weekly Update

Rates Rise for Third Week in a Row, Sending Applications Downward

By Aly Yale / February 26, 2021
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Mortgage activity fell for the third week in a row, as interest rates rose once again. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association, loan application volume fell by 11.4% over the last week.  Purchase…

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Is 2021 the Year You Stop Renting and Become a Homeowner? Here’s How to Tell

Is 2021 the Year You Stop Renting and Become a Homeowner? Here’s How to Tell

By Aly Yale / February 24, 2021
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Homeownership comes with lots of perks. You can build wealth, put down roots, and, most importantly, stop throwing cash down the proverbial hole (i.e., your landlord’s pockets!) Unfortunately, there’s a lot that needs to fall in place in order to…

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