Mortgage Rates and Financial News and Tips

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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Mortgage Weekly Update

Mortgage Activity Slides as Interest Rates Rise Again

By Aly Yale / February 19, 2021
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Mortgage activity dipped this week as interest rates once again jumped. According to the latest data from the Mortgage Bankers Association, overall mortgage applications dropped 5.1% — up from last week’s decrease of 4.1%. Purchase loans fell the most, dipping…

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Mortgage Weekly Update

Refis, Purchases Fall as Mortgage Rates Keep Rising

By Aly Yale / February 11, 2021
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With mortgage rates up slightly, it seems consumers aren’t as quick to buy or refinance these days. In fact, according to the Mortgage Bankers Association, overall mortgage activity was down 4.1% last week.  Purchase loan applications decreased 5%, while refinances…

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Mortgage Weekly Update

Mortgage Rates Slide, Applications Jump

By Aly Yale / February 5, 2021
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Mortgage activity ended its recent slump last week. According to the latest data from the Mortgage Bankers Association, applications were up 8% over the week prior.  The bump comes after two weeks of declining loan activity and was largely due…

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Mortgage Weekly Update

Mortgage Activity Slips Again as Interest Rates Rise

By Aly Yale / January 29, 2021
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Mortgage activity fell yet again this week, with applications dropping 4.1% over the week prior.  According to the MBA’s weekly survey data, refinance applications fell 5%, while purchase loan applications decreased 4%. Volumes in both categories are still higher than…

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26 Real Estate and Mortgage Terms from A – Z

26 Real Estate and Mortgage Terms from A – Z

By Aly Yale / January 27, 2021
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The home buying process is filled with all kinds of jargon and industry-specific real estate and mortgage terms. You’ll encounter acronyms like “APR,” “DTI,” and “LTV,” and new phrases like “escrow account” and “fixed-rate” can add confusion, too. Need help…

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Mortgage Weekly Update

Mortgage Applications Fall as Interest Rates Tick Up

By Aly Yale / January 22, 2021
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Mortgage applications were down last week, dropping about 2% from the week prior, according to the latest survey from the Mortgage Bankers Association (MBA). The overall drop came from a decline in refinance applications, which fell 5% for the week.…

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Should I Refinance My HELOC into a Fixed-Rate Mortgage?

Should I Refinance My HELOC into a Fixed-Rate Mortgage?

By Aly Yale / January 18, 2021
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When you’re in need of cash, a home equity line of credit (HELOC) can seem pretty great. They come with low (often interest-only) payments for many years, you can use as much or as little as you like (similar to…

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Mortgage Weekly Update

Mortgage Apps Surge After Holiday Slump

By Aly Yale / January 15, 2021
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The holiday slump is definitely over. According to the latest survey from the Mortgage Bankers Association, mortgage activity jumped nearly 17% last week.  Total applications were up 16.7% for the week ending January 8, with refinances jumping a whopping 20%.…

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Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy

Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy

By Aly Yale / January 13, 2021
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If you’re considering buying a home or refinancing your mortgage in the new year, then the desire to keep your credit score healthy should be top of mind. Not only will your credit play a prime role in your ability…

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