by Alterna Mortgage | Dec 15, 2021 | Housing Market, Interest rates, Mortgage Programs
As home prices continue their record-breaking climb, the Federal Housing Finance Agency said last week that loan limits for mortgages that can be bought by Fannie Mae and Freddie Mac in 2022 will rise by the largest percentage ever. They increased the conforming loan...
by Alterna Mortgage | Oct 7, 2021 | Housing Market, Refinancing
Interest rates are generally low right now and you may be able to swap out your old, higher interest rate mortgage for a new one with lower rates. Refinancing may seem like a no-brainer…but it is not a wise financial move for everyone. Before you jump in with...
by Alterna Mortgage | Jul 9, 2021 | Home Buying, Housing Market
Even though some home prices and sales are finally leveling out after months of a bullish real estate market, those looking to purchase a home aren’t in the clear just yet. Competition is relatively high given the limited housing inventory, so it is good to be...
by Alterna Mortgage | Jun 3, 2021 | Financing, Housing Market, Refinancing
Home values are through the roof and rates are still very low. Higher home values and interest rates as low as they are means you may be able to refinance with some cash out to pay off high interest debt. You might even be able to reduce your monthly mortgage payment...
by Alterna Mortgage | May 28, 2021 | Financing, Home Buying, Housing Market, Interest rates
Spring is normally the hottest time of year for home sales. Buyers get serious when the warmer weather arrives and most families want to move before the next school year begins. Last year, the coronavirus crisis led to a housing market halt in mid-March, as states...
by Alterna Mortgage | May 18, 2021 | Home Buying, Housing Market, Interest rates
Low mortgage rates are adding fuel to a housing boom fire. House hunters are taking advantage of today’s historically low rates as soon as they possibly can. In fact, the interest rate on the nation’s most popular mortgage has dropped for the second week in a...
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