by Alterna Mortgage | Mar 26, 2024 | Home Buying, Housing Market, Real Estate
A federal lawsuit has forced changes to the way consumers negotiate and pay real estate agents. In October 2023, a federal jury in Missouri found that the National Association of Realtors (NAR), along with several large brokerages, conspired to inflate Realtors’...
by Alterna Mortgage | Apr 29, 2023 | Financing, Home Buying, Housing Market, Real Estate
Saving for a down payment on a house can be a challenging but rewarding process. Here are some tips to help you save money: Set a savings goal: Decide how much you need to save for a down payment and set a specific target to work towards. Create a budget: Identify...
by Alterna Mortgage | Apr 14, 2023 | Financing, Home Buying, Housing Market, Interest rates, Real Estate
Home buying right now is completely different to what it was the last couple of years. We are not really seeing major price drops as much as we are seeing less appreciation and homes are on the market longer. The higher interest rates are sidelining a lot of buyers....
by Alterna Mortgage | Mar 26, 2023 | Financing, Home Buying, Interest rates, Real Estate, Refinancing
The Federal Reserve suggested that the days of regular increases in the federal funds rate could be winding down. The decision to increase federal funds rate by only 25 basis points on March 22, 2023, represents the first major test of its commitment to curtail...
by Alterna Mortgage | Aug 19, 2022 | Financing, Home Buying, Housing Market, Investment Properties, Real Estate
Purchasing property as an investor can be a very different experience than purchasing a home for oneself. This means learning to look at properties solely through a financial lens, as well as learning to detach yourself emotionally. Take lessons from the following...
by Alterna Mortgage | Jul 30, 2022 | Financing, Home Buying, Housing Market, Inflation, Real Estate
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. Rates increased sharply at the start of the year, hitting a high of 5.81% by the middle of June. Recently, worries about inflation and...
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