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 […]
Mortgage Rates Are Low – Is It Time to Refinance?
Did you hear? Mortgage rates are at a 15-month low right now, and with the Fed cutting rates, they might drop even more. If you’ve been thinking about refinancing your mortgage, this could be a great time to do it and save some money. But before jumping in, let’s break down how to figure out […]
A Brighter Future – Market Update!
Today’s mortgage scene is looking a bit brighter! The average rate for a 30-year fixed mortgage is now 6.51%, a small drop from last week. Meanwhile, the 15-year fixed rate is sitting at 5.91%, also down slightly. With inflation finally cooling off and the job market showing signs of fatigue, the Fed might just cut […]