by Alterna Mortgage | Mar 18, 2022 | Financing, Inflation, Interest rates, Mortgage Programs, Real Estate
Thanks to a 40-year high in inflation, Americans are already facing higher prices at the gas pump and the grocery stores. And now the cost of borrowing will increase as well. With an increase of the benchmark rate a quarter of a point on Wednesday, the Federal Reserve...
by Alterna Mortgage | Mar 9, 2022 | Financing, Interest rates, Real Estate
Interest rates retreated from 2019 peaks as the Ukraine invasion by Russia escalates and grows more uncertain. No one knows if, when, and how this will end. When the world experiences tense geopolitical moments, it drives what is called a “safe-haven” trade into the...
by Alterna Mortgage | Feb 13, 2022 | Home Buying, Housing Market, Interest rates, Real Estate
There will be significant rate increases taking effect April 1st, 2022. This is not an early April Fool’s joke. Fannie Mae and Freddie Mac are implementing new ways to help folks needing assistance with owning a home. I think it is a great idea. However, in order to...
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 | Oct 15, 2021 | Real Estate, Refinancing
As we have mentioned before, refinancing isn’t for everyone. Educating homeowners about the refinance process is an important service we provide at Alterna Mortgage. Since mortgage rates at an all-time low, refinancing has become a hot topic for homeowners as a...
by Alterna Mortgage | Mar 20, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing
It was another rough week for mortgage markets. Generally, things looked promising Wednesday when the Fed meeting revealed no policy changes. As a result, rates dropped from their peak. The next day, however, rates resumed their rise, and mortgage rates finished the...
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