NEWS: With rates under 3%, most mortgages are due for a refinance, study says

Doug Whiteman July 19, 2020 Few people ever expected to see mortgage rates slide so low, and many homeowners have been caught off guard. Thirty-year fixed-rate mortgages are now averaging less than 3% in multiple surveys — and are offering major refinance savings. Though mortgage holders have been flocking to get new loans with sharply reduced interest…
Read More

NEWS: CoreLogic: Summer Home Price Cooldown on the Way

MBA Newslinks July 7, 2020 CoreLogic, Irvine, Calif., said home prices rose strongly in May, but warned that the effects of the coronavirus and subsequent economic downturn could send home price tumbling over the summer. The CoreLogic Market Risk Indicator predicts 125 metro areas have at least a 75% probability of price decline by May…
Read More

NEWS: House Hunters Now Need Pre-Approval Letters to Walk in the Door. What the Trend Means for Buyers, Sellers and Agents

Daniel Bortz July 6, 2020 Home buyers eager to take advantage of low interest rates are rushing to schedule home tours, just recently allowed in some places as stay-at-home restrictions are eased. To curtail potential exposure to the coronavirus, however, many sellers are trying to limit the number of people traipsing through their properties. To achieve this,…
Read More

NEWS: Refinancing your mortgage could put cash in your pocket — here’s how to find out if it’s right for you

Michelle Fox July 6, 2020 With mortgage rates at record lows, it’s no wonder many Americans are refinancing their homes. Add to that the coronavirus pandemic and the economic recession, and the need to find extra cash or to cut expenses becomes even greater. In fact, refinance applications are 74% higher than a year ago, according to the Mortgage…
Read More

NEWS: Families fleeing the city are pushing up home prices amid tight supply

Martha C. White June 24, 2020 A buyer from New York City saw a home via virtual tour, then three hours later offered the full asking price, in cash, one realtor said. The number of existing home sales cratered in May, but real estate professionals — along with homeowners — say pent-up demand is roaring…
Read More

NEWS: Mortgage rates keep falling to record lows — so is now a good time to refinance?

Jacob Passy June 26, 2020 Homeowners stand to save money by refinancing, but some factors may make getting a new loan less worthwhile The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -1.42% reported that mortgage rates hit…
Read More

Looking for more information? Contact us today.