by Alterna Mortgage | Dec 8, 2020 | Financing, Housing Market, Interest rates, Refinancing
There are a lot of numbers involved with purchasing or refinancing a home. Sometimes it is easier to understand the numbers when we can visualize them. Alterna Mortgage has a few interactive visual charts on our website to make the overall picture of recent (and...
by Alterna Mortgage | Dec 3, 2020 | Financing, Housing Market, Mortgage Programs, Real Estate
The Federal Housing Finance Agency recently announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This means that you can now borrow an additional $38,150. This can get you a house with more square footage, more land, better...
by Alterna Mortgage | Nov 19, 2020 | Housing Market, Interest rates, Refinancing
Mortgage rates fell to another record low last week. This marks the 13th time this year alone. According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage dropped to the lowest level in the nearly 50 years of the mortgage giant’s survey....
by Alterna Mortgage | Nov 11, 2020 | Interest rates, Mortgage Programs, Refinancing
During the recent election uncertainty, mortgage markets have been relatively steady. This is likely a result of investors expecting government control to be divided between the Democrats and the Republicans. For mortgage markets, a divided government typically is...
by Alterna Mortgage | Oct 30, 2020 | Interest rates, Mortgage Programs, Refinancing
One of the few good things we can all point to in 2020 is that this year’s lowest mortgage rates have provided homeowners incredible savings through refinances. If you own a home and have a 30-year mortgage that could benefit from a refinance, your first thought...
Recent Comments