by Alterna Mortgage | Mar 31, 2021 | Financing, Home Buying, Housing Market, Mortgage Programs
Anyone can look online at the general requirements to purchase a house. If you wander around long enough, you can figure out if you might qualify based on your current financial situation. When you’re ready to get serious about buying, though, you should take a look...
by Alterna Mortgage | Mar 20, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing
It was another rough week for mortgage markets. Generally, things looked promising Wednesday when the Fed meeting revealed no policy changes. As a result, rates dropped from their peak. The next day, however, rates resumed their rise, and mortgage rates finished the...
by Alterna Mortgage | Mar 12, 2021 | Financing, Home Buying, Inflation, Interest rates
So far in 2021, mortgage rates have been on an upward path. Recently released economic data was stronger than expected – so the rising trend continues. As a result of the improving economic conditions, long-term bond yields (including mortgage rates) have risen...
by Alterna Mortgage | Mar 7, 2021 | Home Buying, Housing Market, Mortgage Programs, Real Estate
One of the most common reasons people buy homes is for the immediate benefit of stable monthly payments. Once you own a home, you have a steady monthly mortgage payment for years with a fixed-rate mortgage. No more worrying about rental prices continuously going up. ...
by Alterna Mortgage | Feb 26, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Refinancing
The economic recovery continued in the United States. The recovery, combined with additional government stimulus on the way, lead to mortgage rates ending the week at their highest levels in a few months. The pandemic-related reduction in economic activity led to a...
by Alterna Mortgage | Feb 24, 2021 | Home Buying, Housing Market, Interest rates
Many industries faced significant problems in 2020 as a result of the coronavirus pandemic. The housing market was a different story – it thrived. Mortgage rates fell to historic lows while housing prices increased in most markets across the United States. With...
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