According to some researchers, mortgages and refinances were the only bright spots during this otherwise bleak period of history we are currently living in. This year has been a little more stable than usual. Recent Freddie Mac updates show 30-year fixed-rate loan rates dropped to 3.05 percent ending the week of 12/23/2021, marking the most significant rate […]
Due to historically low interest rates, many homeowners are refinancing their mortgages. In fact, close to 1.7 million U.S. homeowners refinanced over April, May and June of this year, according to Attom Data Solutions. This is over double the number who refinanced loans during the same period in 2019. The coronavirus has had a major […]
As mortgage rates slide to their lowest levels in years, many experts are recommending that homeowners consider refinancing their homes. The thirty-year fixed-rate mortgage is now averaging less than 3 percent in many areas, which could offer major savings to homeowners carrying higher interest rates. A new report from Fannie Mae, says the majority of […]
Mortgage rates have hit a record low after the US Federal Reserve drop rates to help combat the economic impact from the spread of the coronavirus. This can be a good time to consider refinancing to a lower rate and taking advantage of the savings a cheaper interest rate can provide. Recently, the average interest […]