As U.S. mortgage rates have now climbed for the 5th straight week, since our recent November 8, 2016 election…..keep in mind that despite this increase, interest rates are still at Historic Lows!! In order to put things into perspective, I thought I might share the infographic below, as it seems ...
Continue ReadingWhat Do You Actually Need to Qualify for a Mortgage? Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: 59% ...
Continue ReadingWhy Are Mortgage Interest Rates Increasing? According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% a couple of weeks ago. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a ...
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