How the 2024 Election Could Impact Your Mortgage Rates
With the presidential election around the corner, mortgage rates might be feeling the effects, depending on who wins. Here’s a quick look at what could happen: Rates Are Rising Mortgage rates have increased in recent weeks, influenced by market expectations about possible election outcomes. Inflation Concerns Some economic proposals—like tariffs, changes to immigration […]
Navigating California’s Insurance Crisis
Navigating California’s Insurance Crisis: How Our Mortgage and Insurance Partnerships Keep Your Home Purchase on Track California’s insurance crisis is now disrupting the housing market in serious ways, with nearly one in seven home sales affected. Buyers are struggling with limited coverage options, high premiums, and in some cases, the inability to secure any insurance […]
Timing is Everything, Maybe.
Timing is everything, maybe. The recent jobs report was a reminder to homebuyers and homeowners looking to refinance that trying to time mortgage rates is tricky and can be risky. Many people expecting lower rates were surprised when they went up instead. Last week, the 30-year fixed mortgage rate increased from 6.2% to 6.53%, meaning […]
Fairway: Your Credit-Friendly Mortgage Partner
At Fairway Independent Mortgage Corp, we’re committed to providing you with a seamless and stress-free mortgage experience. One of the ways we achieve this is by using soft credit pulls for prequalification. Why Soft Credit Pulls Matter Soft credit pulls offer several advantages: No impact on credit score: Unlike hard credit pulls, soft credit […]
Bank Statement Loans: What Are They and Who Should Get One?
If you’re self-employed or have income that’s hard to show through tax returns or pay stubs, getting a mortgage might seem tricky. But don’t worry—there’s a loan just for you: the bank statement loan. In this guide, I’ll walk you through what it is, how it works, and if it might be the right option for […]