by Alterna Mortgage | Jan 30, 2022 | Financing, Home Buying, Inflation, Interest rates, Refinancing, Uncategorized
The Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March A .25% increase is expected. The market experts were predicting 3 rate hikes. Now they are predicting 4 hikes. This will be the beginning to the...
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 | 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 | Nov 10, 2021 | Interest rates, Refinancing
The Fed finally announced it would begin tapering its purchases of Treasuries and mortgage-backed securities “later this month.” These purchases have supported low mortgage rates, which should creep up. There’s considerable disagreement over how sharply rates will...
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 | Sep 10, 2021 | Interest rates, Refinancing
Of course there are still day-to-day fluctuations in the market, but mortgage refinance rates remain at historic lows. In many cases, homeowners looking to pay off their mortgages sooner may find 10-year rates particularly appealing. Since July 19, 2021, 10-year...
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