Debt-Ceiling Drama Causes Mortgage Rates to Rise
In recent weeks, mortgage rates have experienced a notable increase, marking the second consecutive week of upward movement. This rise is primarily attributed to the prevailing uncertainty surrounding the debt-ceiling standoff. As the U.S. economy demonstrates...Debt Consolidation Cash Out Refinance: Is it the right move for you?
A debt consolidation cash out refinance is a type of mortgage that allows you to borrow money against your home’s equity to pay off other debts, such as credit card debt. This can help improve monthly household cashflow by lowering the total amount of a...US Mortgage Rates Continue to Decline as Inflation Progresses: What it Means for Home Buyers
Mortgage rates in the US have declined for the second consecutive week due to progress on inflation. The average interest rate on a 30-year fixed-rate mortgage fell to 6.35% from 6.39% the previous week. Click here to find out where your personal interest rate will...Spring 2023 – What’s happened and what to expect
Last week, the real estate market saw a decrease in active inventory and new listing data, with the latter reaching an all-time low in 2023. However, purchase application data increased by 8%, indicating that homebuyers are moving quickly into escrow. The seasonal...Fannie/Freddie Announce Update to Equitable Housing Finance Plans
Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back the majority of U.S. mortgages, announced on Wednesday new updates to their equitable housing finance plans. The updates include a number of new initiatives, such as expanding special...
Chris Mason, Loan Officer
