Rate Forecast: Are Lower Mortgage Rates Ahead? Will the FED lower rates in Mid September? And by how much? The next FOMC meeting will take place on September 17-18, 2024. If you’re a mortgage agent, these promise to be some lucrative times ahead as the refinancing wave begins. Actually, it’s already started and the banks…
Mortgage Refinancing Boom? It looks like we’re already into a mortgage refinancing boom period. As the FED lowers the central rate, banks and secondary market lenders will offer lower rate mortgages. You might consider a financial Tsunami, given how many mortgage holders need to refinance from now through 2026. When homeowners race in to refinance…
US Home Foreclosures Take an Upturn in July Tens of millions of Americans financed or refinanced their homes during the Covid Pandemic downturn. And this year and next, they’ll be forced to renew at much higher lending rates. It’s expected to be only a small factor in the 5 year housing market outlook, and likely…
Compare Lowest Home Mortgage Rates The talk of the stock market and housing market is all about the FED pivot and when the central bank rate will see its first cut. As the Mortgage Rates Daily chart below shows, mortgage rates have been on the decline and homebuyers and loan refinancers are anxiously hoping for…
HECM’s or Reverse Mortgages – A Good Choice? Many senior-aged homeowners have built up substantial equity in their homes. Consider that homes have doubled in value in the last 20 years, and it’s created a windfall of wealth (on paper). A reverse mortgage is a unique type of mortgage. It’s different than a home equity…
Cheaper Mortgage Rates What’s the immediate forecast for mortgage rates? Lower and perhaps even lower. If you’re buying a home or condo in 2018/2019, you’ll want to buy your mortgage in the next 6 months. The economy is improving and mortgage rates will rise. Shopping online means time saved, no sore feet, no parking hassles or…