Mortgages
April 8, 2019
Homebuyers won big last week as the industry saw the lowest mortgage rates since January 2018. Recent numbers from Freddie Mac reported the average rate on a 30-year fixed mortgage fell to 4.06% percent with an average 0.5 point for the week ending March 28, 2019. Why are mortgage rates taking a nose dive? Freddie Mac’s Chief Economist, Sam Khater, explains that this low point is a crucial indicator that […]
January 4, 2019
How does the current government shut-down affect the mortgage market? A recent article on Forbes.com outlines four ways the shutdown really does impact the mortgage market. Read the full story here. 1) Lower rates may be due to the shutdown 2) FHA loans will be affected 3) I.R.S. documents out of reach 4) A weaker U.S. housing market