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Monthly Archives: October 2017

Rates Are Up… and so Are Sales

Fall Lake Home

It’s more fours than threes these days.

Mortgage rates -- rates on the long-end of the curve, in particular -- are at a two-month high. Quotes of 4.125% on a prime 30-year fixed-rate loan are frequently on offer, according to the national data collected by Mortgage News Daily.  On better days, 4% is on offer. A 3.875% quote has become much less prevalent.

HARP extended through 2018

HARP

The U.S. government deploys several resources for Americans who need help financing a home purchase, including the popular FHA Loan program. But unbeknownst to some, there are also tools available for current homeowners who have fallen behind on their mortgage payments.

Time for Another Rate Dip?

Fall Home 10-17

The commercial will be right one of these days. Whether “one of these days” is tomorrow, next week, next year, or next decade, we can’t say. 

Lenders have warned repeatedly in print and radio ads over the past five years that higher interest rates will soon befall us. The rationale is predicated on historically low interest rates (which can’t last) and the Federal Reserve raising interest rates (which it has). 

The Difference between Loan Officers at Banks and Private Lenders

Nc Home

Homebuyers on the hunt for a mortgage in 2017 have more options at their disposal than ever before. As always, name-brand banks continue to dominate the conversation regarding home loans. But increasingly, new homeowners are finding it easier and more cost effective to finance their home purchases with the help of a private mortgage lender.

The Normal Rate of Interest over History

Greece

Is the current interest-rate environment a unique environment? 

The answer, in short, is no.

Sydney Homer and Richard Sylla show in their magnum opus A History of Interest Rates that interest rates can remain remarkably sedate (at high or low levels) over a long period. At other times, they can remain remarkably volatile. Over the thousands of years of interest-rate history, it’s all been seen before. 

Will It Be Different This Time?

Autumn Home

Federal Reserve Chair Janet Yellen reiterated the Fed’s intention to raise interest rates last week. Another 25-basis-point increase in the federal funds rate is scheduled for December. The Fed will also begin to wind down its massive securities holdings.