by Norman Neu | Jul 17, 2023 | Interest Rates, Mortgage Rates
Great news for prospective homebuyers and those looking to refinance! Despite minimal changes in June, mortgage rates, which had surpassed the 6.5% mark in late May, presented some minor dips that motivated borrowers eagerly took advantage of. According to...
by Norman Neu | Jun 20, 2023 | Loan, Mortgage Rates
If you’re curious about current mortgage rates and what factors can impact them, you’re in the right place. Let’s dive into it with confidence: Economic Climate: Mortgage rates are influenced by the overall economic conditions. When the economy is strong and...
by Norman Neu | Apr 11, 2023 | Advice For Homeowners, Home Buying, Market updates, Mortgage Rates
As we near the end of March 2023, the mortgage market has seen some movement in interest rates. According to Bankrate.com, the average rate on a 30-year fixed mortgage is 6.93%, while the average rate on a 15-year mortgage is 6.18%. Jumbo mortgages with a 30-year term...
by Norman Neu | Dec 12, 2022 | Housing Market Updates, Interest Rates, Millennials, Mortgage Rates, Price growth
In a world where things are changing rapidly, it can be hard to predict what an industry will look like. But that doesn’t mean predictions aren’t worth exploring, especially regarding the housing market. With more than half of all Americans being homeowners,...
by Norman Neu | Oct 12, 2022 | Advice For Homeowners, Interest Rates, Market updates, Mortgage Rates
Are mortgage rates high right now? Forty years ago, in October of 1981, the average mortgage rates were above 18%. A year ago, mortgage rates on 30-year mortgages were below 3%. Are rates higher than last year? Yes, the rates are higher. Are they even close to...
by Norman Neu | Sep 13, 2022 | Home Buying, Home Value, Housing Market Updates, Mortgage Rates, Real Estate Market
A mortgage is probably your life’s most significant financial transaction. Buying a home is something everyone dreams of doing. Your new home will not only be where you raise a family but where you spend a lot of money. A mortgage can be a scary thought. Both interest...
