by Alterna Mortgage | Apr 10, 2023 | Home Buying, Housing Market
Buying a home for the first time can be both an exciting and daunting experience. Here are some tips to help you navigate the process: Determine your budget: Before you start looking at homes, figure out how much you can afford. Consider your income, expenses, and...
by Alterna Mortgage | Mar 26, 2023 | Financing, Home Buying, Interest rates, Real Estate, Refinancing
The Federal Reserve suggested that the days of regular increases in the federal funds rate could be winding down. The decision to increase federal funds rate by only 25 basis points on March 22, 2023, represents the first major test of its commitment to curtail...
by Alterna Mortgage | Mar 13, 2023 | Financing, Interest rates, Mortgage Programs, Refinancing
Today the national average 30-year fixed mortgage rate for the beginning of March 2023 is at 7.02%. This is the rate for big banks and large banking firms. Since Alterna Mortgage is an independent broker our average rate today for a 30-year fixed is 5.99%. That is a...
by Alterna Mortgage | Mar 9, 2023 | Financing, Home Buying, Interest rates
The Federal reserve is going to continue to increase rates. This is not news. It seems more to be the norm. However, if they are lower than the market is anticipating then mortgage rates may decrease regardless of the increased rate. Markets expect the U.S. Federal...
by Alterna Mortgage | Feb 20, 2023 | Financing, Home Buying, Housing Market, Inflation, Interest rates
“We are going to react to the data” – Powell Here the Fed Chair reminds the markets that last Friday’s Jobs report was strong, but backward looking and lagging while other economic indicators show signs of s slowdown. The Fed does not want to over...
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