Blogs

New Year Trends For Your Home

couples enjoying wineWith the celebration of a New Year comes a whole new set of predictions and trends that people put forth with gusto. What will 2024 have in store for people in reference to your home and how we live as a society? With 2023 in the rear view mirror it is safe to say that people are hoping for a more positive outlook on their lives and how they make their way in the world. Having to stay at home for long periods of time is not out of the ordinary so it is also safe to say that home upgrades are on most peoples to do lists. What are some things that tops a lot of lists? Let's find out!

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%. 

 

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!