Monthly Archives: November 2016

Interest Rates Just Surprised Everyone, but Relax

Mortgage rates are on their way up. Before diving into the details, it should be known that this recent rate spike is far from unprecedented. According to Freddie Mac, the average 30 year fixed mortgage rate between 1975 and 2015 … Continue reading

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Interest Rates and Housing Starts: An Unlikely Couple Climb Together

Mortgage rates are at a 17-month high. But given positive housing activity, we see little reason to fret quite yet over rising mortgage rates. Housing activity remains brisk. Indeed, construction of new homes surged nearly 26% to the highest level … Continue reading

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Why the Super-Wealthy are Choosing to Get Mortgages

  Mortgages aren’t normally associated with wealthy people. When the mega-rich – such as Brad Pitt or Mark Zuckerberg – buy a home, people assume they buy their homes outright because they definitely have enough money in the bank to … Continue reading

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Up, Up, and Away

It has been a heckuva week for interest rates in general and mortgage rates in particular.  That’s putting it mildly.  Since the election, the yield on the 10-year U.S. Treasury note has soared nearly 40 basis points to 2.25%.  The … Continue reading

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Banks Don’t Rule the Mortgage Industry Anymore

Step aside banks, there’s a new sheriff in the mortgage lending industry. According to a new analysis by Inside Mortgage Finance, nonbank lenders gave out 51.4 percent of mortgage loan dollars in the third quarter of 2016, The Wall Street … Continue reading

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Rates are at a 5 Month High, But Will They Stay There?

A quick glance at the yield on the 10-yield U.S. Treasury note offers a clear picture. The yield on the 10-year note continually hovers above 1.8% these days. Because the 10-year note influences mortgage-backed securities, which, in turn, influence mortgage … Continue reading

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Why November is the Time to Refinance

Waiting for the presidential election to end? Consider refinancing your investment property mortgage before heading to the ballot box. Although the election is rapidly approaching, there is still time to refinance, and there are many advantages for those who choose … Continue reading

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