Market Update Mortgage and Financing

2019 Mortgage Interest Rates

Look at these 30-year fixed-rate mortgages. Rates are low, making it a great time to buy!   “The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring …

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Mortgage and Financing

MBA: Mortgage applications jump more than 20%

Increase 23.5% from the previous week January 9, 2019 Alcynna Lloyd Mortgage applications reversed course, rising 23.5% for the week ending Jan 4, 2019, according to the newest data from the Mortgage Bankers Association‘s weekly Mortgage Applications Survey. Notably, this week’s reading includes adjustments to account for the New Year’s holiday. “Mortgage rates fell across the board last …

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Home Buying Mortgage and Financing

Mortgage Cost Across Time

Mortgage Cost Across Time Thinking of Moving? Rates are expected to go up, but they are still low. Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next …

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Home Buying Mortgage and Financing

The First Step When Buying a Home

First Step When Buying a Home Why Getting a Loan Pre-Approval is the First Step in the Home Buying Process. In many markets across the country, in most of suburban Chicago communities, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This leads to a more competitive marketplace than …

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