Blogs

Mortgage Rates Fall For Multiple Weeks

decling row of coins and figure of a house

The good news for new homeowners recently is that mortgage rates fell in the United States for the sixth week in a row. This is the lowest level since August. A Freddie Mac statement on Thursday reported that the average for a 30-year fixed loan fell to 7.03%, down from 7.22%. 

 

Preventative Tips for Extreme Weather Events

icicleThere is a lot we can learn from the extreme weather events we experienced previously that had much of the area snowed in, iced over, and suffering from extreme cold temperatures. While the weather was not what we are used to there are some lessons we can take from this so that we can be more prepared in the future for any extreme weather we may encounter. Whether it is extreme cold or heat or flooding and natural disasters we must be prepared for what the future could hold.

Mortgage Points, Explained

If you've applied for a mortgage before, you likely heard the lender reference rates and points. While most people are familiar with rates (the percentage of interest that must be paid on the loan annually), fewer borrowers understand how points affect their mortgage. With rates as they are now at a higher levels you may be able to use mortgage points to your benefit. While they aren't for everyone you will want to find out if they are something that can help. Keep reading for a quick primer covering the basics of mortgage points and how they can benefit you!