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Mortgage rates still low, but many experts see higher rates ahead

Mortgage rates still low, but many experts see higher rates ahead

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...

Low mortgage rates are back…but for how long?

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...

Why are credit scores different with the different bureaus?

by Alterna Mortgage | Jun 14, 2021 | Credit, Financing, Home Buying, Interest rates, Refinancing

When getting ready to buy a house (or refinance), you will go through the process of getting your credit scores. Often times the credit scores are a bit different across the major bureaus when your credit is pulled by a lender. Why does this happen? Actually, there...
Spring home buying season is very different this year than most other years

Spring home buying season is very different this year than most other years

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...
How are things looking for the 30 and 15-year mortgages?

How are things looking for the 30 and 15-year mortgages?

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...
How is inflation affecting rates?

How is inflation affecting rates?

by Alterna Mortgage | Apr 30, 2021 | Housing Market, Inflation, Interest rates, Refinancing

There are a few things the financial markets are saying are important for interest rates, stocks, and the economy. One of them is inflation. The March Consumer Price Index (CPI) came in at 2.6% year-over-year, the highest level since August 2018. While there are key...
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