Why Aren’t Mortgage Rates Dropping Even When the Fed Cuts Rates?
With all the news about the Federal Reserve lowering rates, you’d think mortgage rates would be plummeting. Unfortunately, it hasn’t quite played out that way—mortgage rates have actually been inching up! So, what gives? Fed Cuts vs. Mortgage Rates: A Misunderstood Relationship The Fed recently lowered its benchmark rate in hopes of making borrowing more […]
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 […]
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 […]