by Alterna Mortgage | Aug 10, 2022 | Financing, Home Buying, Housing Market
Prepping to buy your first home can be quite daunting, especially if you are lacking in knowledge about the process. Read the following tips, that can be used as a checklist to help you start your home buying research: Examine your credit score: Lenders consider your...
by Alterna Mortgage | Aug 2, 2022 | Home Buying, Housing Market
Millennials make up the majority of today’s homebuyers, and if you are one of them, you may have received some home buying advice from your friends and family. You might also have been exposed to some real estate myths or even home buying facts that were once...
by Alterna Mortgage | Jul 30, 2022 | Financing, Home Buying, Housing Market, Inflation, Real Estate
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. Rates increased sharply at the start of the year, hitting a high of 5.81% by the middle of June. Recently, worries about inflation and...
by Alterna Mortgage | Jul 9, 2022 | Financing, Home Buying, Housing Market, Interest rates, Refinancing
While rates were on the rise at the beginning of the year, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7. This was down from 5.70% the week before. Economic concerns have pushed them lower in recent weeks. Rates are still higher than they...
by Alterna Mortgage | Jun 25, 2022 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate
This report from the Oregon Office of Economic Analysis said nearly 168,000 households in the Portland area have been priced out of the housing market this year. “30-year mortgage rates have risen from around 3% at the end of 2021 to just over 6% in recent days,” the...
by Alterna Mortgage | Jun 16, 2022 | Home Buying, Housing Market, Inflation, Interest rates
The Federal Reserve announced on Wednesday it raised benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades. Chair of the Federal Reserve Mr. Powell also...
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