by Alterna Mortgage | Apr 28, 2020 | Interest rates
Most people have an easier time interpreting numbers when they are presented to them visually. Endless numbers on a spreadsheet don’t always paint a clear picture of the current situation with regard to rates. So we have added a few interactive visual charts to...
by Alterna Mortgage | Apr 4, 2020 | COVID-19, Financing, Interest rates
What has been happening with the mortgage industry since COVID-19 was classified as a pandemic? In short: a lot. Economies have come to a standstill and financial markets have been turned completely on their head. Let’s take a look at exactly what happened....
by Alterna Mortgage | Mar 5, 2020 | Interest rates
The Federal Reserve implemented a half-percentage-point rate cut on Tuesday. Markets slid, amidst fears the coronavirus epidemic is raising recession risks for the U.S. and global economies. The Fed reduced the federal-funds rate to a range between 1% and 1.25%. This...
by Alterna Mortgage | Feb 7, 2020 | Interest rates
Everyone is waiting on the recession or for more rate cuts. Is it going happen? Does it really matter if it does? How will we know we are in recession? Even if they drop the rate, will that mean lower rates for the consumer? A drop in the 10-year Treasury yield below...
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...
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