by sgomes | Aug 9, 2024 | Mortgage, Mortgage Rates
A recent decrease in interest rates has spurred a significant uptick in mortgage refinance applications, according to the latest data from the Mortgage Bankers Association (MBA). While overall mortgage application volume saw a notable increase, the majority of this...
by sgomes | May 10, 2024 | Finance, Mortgage Rates
Wage growth came in far below estimates according to Friday’s jobs report. Unemployment inched up in April, breaking the trend of strong jobs reports over the past year. The silver lining is that this trend is good news for mortgage rates. The U.S. economy added...
by sgomes | Mar 15, 2024 | Home Equity, Housing, Mortgage, Mortgage Rates
In the current housing market, it seems like what goes up doesn’t necessarily come down. Let’s explore why home prices continue to rise despite higher interest rates: Supply and Demand Dynamics: The dominant factor driving this trend is the extremely limited supply of...
by sgomes | Jan 19, 2024 | Economy, Housing, Mortgage Rates
Unless you live in a cave, (doubtful, since you are using the internet to read this), you know that there has been a slump in the current real estate market. However, there is some bright news on the horizon. For the past two months, the U.S. real estate housing...
by sgomes | Sep 22, 2023 | Home Equity, Mortgage Rates
A home equity loan and a home equity line of credit (HELOC) are both types of loans that are secured by a borrower’s home. However, there are some key differences between a home equity loan and a HELOC. A home equity loan is a fixed-term loan that is granted by a...
by sgomes | Jun 2, 2023 | Mortgage Rates
By: Matthew Graham, Wed, May 31 2023, 4:43 PM: After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week. As bond markets improved this afternoon, many lenders were able to make mid-day adjustments. ...
