by Alterna Mortgage | Jan 19, 2022 | Financing, Home Buying, Housing Market
More properties became available as the spring home buying season heated up in 2021. There were also more people in the market to buy a home, creating very stiff competition and raising prices across the board. In 2021, home inventory was tightest at the lower end of...
by Alterna Mortgage | Jan 10, 2022 | Financing, Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing
2021 began with the lowest interest rates on record…but they didn’t last long. By April, they had already reached the peak for 2021. And we can very likely expect rates to move even higher in the new year. The Federal Reserve has given several signals that...
by Alterna Mortgage | Sep 28, 2021 | Financing, Interest rates, Refinancing
Federal Reserve officials are expected to slow the asset purchases used to support the US economy during the COVID pandemic. Officials also indicated that they might raise interest rates in 2022. Both of these can be signs that policymakers are preparing to move away...
by Alterna Mortgage | Aug 2, 2021 | Financing, Interest rates, Refinancing
If you’ve been waiting to move ahead with a refinance, you are in luck: low mortgage rates are back. Many homeowners recently decided to enter the refinance market as the average rate on a 30-year mortgage dropped last week to 2.78%. This is not too far from...
by Alterna Mortgage | Jun 22, 2021 | Financing, Refinancing
With rates still low…you may want to consider shortening the term of your mortgage. Shortening your mortgage term is a great way to save money on interest. Often, shortening your term means you’ll receive a better interest rate. A better interest rate and...
by Alterna Mortgage | Jun 14, 2021 | Credit, Financing, Home Buying, Interest rates, Refinancing
When getting ready to buy a house (or refinance), you will go through the process of getting your credit scores. Often times the credit scores are a bit different across the major bureaus when your credit is pulled by a lender. Why does this happen? Actually, there...
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