Articles

How Are World Markets Affecting Home Mortgage Interest Rates?

As of early May 2018, the average US mortgage rate continues to rise to a current rate of 4.58%, which is the highest level since August 2013. Mortgage rates in the US are being driven higher by higher US Treasury yields, rising commodity prices, higher gas prices and a stream …

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Is the Bubble Going to Burst with Mortgage Rates Skyrocketing?

In the first quarter of 2018, sales of newly built homes dropped, and many mortgage experts say there is a clear culprit: mortgage interest rates. Signs are that buyers are unable to afford to buy the home they want. Higher rates, combined with losing some tax breaks after the Trump …

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Interest Rates on the Rise.  How to Overcome Higher Rates with an Adjustable Rate Mortgage

As mortgage rates rise, it might seem a bad idea to consider getting a five-year adjustable rate mortgage or ARM. Shouldn’t you get the lowest rate you can and lock it in for as long as possible? For some borrowers, getting an ARM in 2018 could be the best way …

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Save Money Taking Out This Loan Over and Over with the 7/1 ARM

Who doesn’t want to save money on their mortgage payment? No one! A viable option for you could be a 7/1 ARM. This is an adjustable rate mortgage with a low fixed rate for the first seven years. The rate then adjusts annually after that. This type of loan could …

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Rates Up, Values Up, Bubble Ready to Burst?

In the past year, more Americans have begun to worry that the real estate market is going to crash. Overall, mortgage rates and home values have gone up in 2017 and 2018. A recent survey found that 58% of the people surveyed though that there could be a price correction …

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Federal Reserve Can’t Raise Rates as Inflation Is Stagnant – What Does This Mean to You?  

When the Great Recession hit, the Federal Reserve reduced key interest rates to all-time lows to try to get the economy going again. Fast forward to 2018, and the economy and stock market are doing well. So now the Fed tends to want to raise interest rates to keep growth …

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Is Your ARM Adjusting?  Here’s What to Do with Your Bank.

Is your adjustable rate mortgage (ARM) about to reset in 2018? You may want to consider other options this year. At current rates, today’s ARMs will probably reset in the mid 4s, which is considerably higher than just six months ago. Before 2016 or so, it may have been better …