by Alterna Mortgage | Jan 14, 2020 | Refinancing
Is it the right time to refinance? Some homeowners who try to time the market in order to get the best rate can end up saving a lot of money. However, many of them end up kicking themselves for years to come because they missed the boat. Conventional wisdom says rates...
by Alterna Mortgage | Jan 5, 2020 | Financing, Interest rates, Refinancing
After dropping more than a full point from the end of October in 2018 to the end of October in 2019, mortgage rates barely changed during November and December. Several factors have affected rates over the past year, including economic data, Fed policy, and the trade...
by Alterna Mortgage | Dec 13, 2019 | Financing, Interest rates
There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2% for some time before considering hiking rates. This comes with two...
by Alterna Mortgage | Nov 8, 2019 | Interest rates
The trade negotiations with China dominated the economic news this week. Unexpected signs of progress in reaching a deal were unfavorable for mortgage rates. Stronger than expected economic data also was negative, and rates climbed to the highest levels since late...
by Alterna Mortgage | Oct 25, 2019 | Housing Market, Interest rates
The most significant economic data released this week came from the housing sector. In September, sales of previously owned (existing) homes, which make up about 90% of the market, fell a little more than expected from August but still were 4% higher than a year ago....
Recent Comments