by Chris Kobz, SVP & Director of California Employee Loan Program | Nov 5, 2024 | First Time Home Buyers, Home Buying, Home Prices, Market Update, 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...
by Chris Kobz, SVP & Director of California Employee Loan Program | Oct 23, 2024 | Home Refinance, Market Update, Mortgage Rates, Technical Mortgages
Stay Ahead of the Market with the California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. The California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. is proud to introduce a new service designed to make...
by Chris Kobz, SVP & Director of California Employee Loan Program | Oct 8, 2024 | First Time Home Buyers, Home Buying, Market Update, Mortgage Rates
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,...
by Chris Kobz, SVP & Director of California Employee Loan Program | Sep 10, 2024 | Market Update, Mortgage Rates, Real Estate
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...
by Chris Kobz, SVP & Director of California Employee Loan Program | Aug 27, 2024 | First Time Home Buyers, Home Buying, Market Update, Mortgage Rates
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...
by Chris Kobz, SVP & Director of California Employee Loan Program | Jul 25, 2024 | Mortgage Rates, Technical Mortgages
What is a Mortgage Recast? If you’re wanting to reduce your monthly mortgage payment without refinancing, mortgage recasting might be the answer you’re looking for. By making a lump sum payment towards your principal balance, you can effectively lower your...
