Monthly Archives: June 2017

Mortgage Rates at an 8-Month Low

Here we are halfway through 2017 and mortgage rates are where most people expected them NOT to be. We find quotes across most mortgage products are lower today than before the 2016 election. It wasn’t supposed to be this way. … Continue reading

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What a Debt-to-Income Ratio Means for a Mortgage

One important consideration that a lender takes into account when deciding whether to approve a borrower for a mortgage or a mortgage refinance is their debt-to-income ratio. This small ratio, buried among all the other percentages and numbers in an application, is often a key … Continue reading

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Fed Raises Interest Rates, Market Participants Lower Mortgage Rates

This is such a strange credit market because it’s such an unusual market.  The Federal Reserve raised the range on the federal funds rate to 1%-to-1.25% from 0.75%-to-1% this past Wednesday. That’s not so strange. Everyone expected the Fed to … Continue reading

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An essential part of the mortgage refinance process, a home appraisal is a way to judge what your property is currently worth – and how lenders can ensure that you are able to leverage the full value of your equity. When it comes … Continue reading

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Mortgage Rates Drop Below the 2017 Range

We’re all but assured that the Federal Reserve will raise the federal funds rate (the rate everyone refers to when everyone refers to the Fed raising interest rates) next week. It appears a done deal, and as such, it is … Continue reading

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Why More People are Choosing Non-Bank Mortgages

Homeowners and buyers have more mortgage options at their disposal than they may realize. That’s truer than ever as a new breed of mortgage lender, known as nonbank lenders, are reshaping the home loan market. In fact, according to the Washington Post, … Continue reading

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Mortgage Rates Settle, but for How Long?

We could say that mortgage rates are like the weather: We can talk about them, but we can’t do much but talk about them. And talk about mortgage rates we do. On that front, mortgage rates drifted lower through most … Continue reading

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