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...
by Alterna Mortgage | Sep 1, 2021 | Interest rates, Refinancing
Rates across the country’s most popular mortgage types have remained historically cheap for another week, at levels that are relatively close to their all-time lows, according to a long-standing weekly survey. The ongoing wave of COVID delta variant infections has...
by Alterna Mortgage | Aug 2, 2021 | Financing, Interest rates, Refinancing
If you’ve been waiting to move ahead with a refinance, you are in luck: low mortgage rates are back. Many homeowners recently decided to enter the refinance market as the average rate on a 30-year mortgage dropped last week to 2.78%. This is not too far from...
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