by Alterna Mortgage | May 3, 2023 | Financing, Home Buying, Interest rates, Refinancing
There are several factors that can affect your ability to qualify for a lower interest rate on a mortgage, including: Good credit score: Your credit score is one of the most important factors in determining the interest rate you qualify for on a mortgage. The higher...
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 | Mar 13, 2023 | Financing, Interest rates, Mortgage Programs, Refinancing
Today the national average 30-year fixed mortgage rate for the beginning of March 2023 is at 7.02%. This is the rate for big banks and large banking firms. Since Alterna Mortgage is an independent broker our average rate today for a 30-year fixed is 5.99%. That is a...
by Alterna Mortgage | Jul 9, 2022 | Financing, Home Buying, Housing Market, Interest rates, Refinancing
While rates were on the rise at the beginning of the year, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7. This was down from 5.70% the week before. Economic concerns have pushed them lower in recent weeks. Rates are still higher than they...
by Alterna Mortgage | May 17, 2022 | Financing, Housing Market, Interest rates, Real Estate, Refinancing, Uncategorized
The Fed may be over cooking the rate hikes. The result might lower the long-term rates. One week after the first .50% rate hike in 22 years, there were many Fed officials out using soothing rhetoric in an attempt to reassure financial markets they will be able to...
by Alterna Mortgage | May 11, 2022 | Financing, Housing Market, Inflation, Interest rates, Investment Properties, Refinancing
Jeremy Grantham, one of the economists that predicted the 2008 crash, says we’re in the fifth great bubble of the modern era—and warns the economy won’t ‘skate through’ a housing crisis. Grantham is convinced that we’re in the midst of a fifth great bubble of the...
Recent Comments