Category: Swanson Home Loans Blog – Mortgage Rate Updates and More
Are we at peak mortgage rates?
Are we at peak mortgage rates?
What Fed rate hikes really mean?
Oftentimes there is a misconception that when the FED hikes short-term interest rates, mortgage rates automatically increase. The truth is Federal Fund rates are NOT directly correlated to mortgage rates!
Mortgage Rates tick higher on stock market rally
Please click below to watch this week’s update which includes information on current interest rates, the stock market rally, and an update on mortgage forbearance:
Please feel free to share this with others!
Current Outlook: floating
Mortgage rates hold steady, a guess at unemployment rate, and credit tightens further
Please click below to watch this week’s update:
Please feel free to share this with others!
Current Outlook: floating
Forbearance continues to constrict availability of credit
Please click below to watch this week’s update which includes information on current interest rates, an explanation of the ill effects of forbearance, and an outlook for home prices:
Please feel free to share with others!
Current Outlook: floating
Interest rate tick higher, mortgage forbearance causes credit squeeze
Please click below to watch this week’s update which includes information on current interest rates and an update on the mortgage forbearance relief law:
Please feel free to share this with others!
Current Outlook: neutral
Can unemployment benefits be used to qualify for a mortgage?
I hope this video is helpful. Please feel free to share with others!
Mortgage rates level out but credit requirements tighten
Please click below to watch this week’s update which includes information on current interest rates, volatility, changes to Jumbo loan programs, and the employment picture:
Please feel free to share this with others!
Current Outlook: floating
Pitfalls of Mortgage Forbearance
Last week various mortgage institutions announced a new program designed to help struggling homeowners weather the present economic downturn. It allows homeowners who qualify to suspend mortgage payments for up to 12 months and avoid late fees and late payments reported on their credit record. However, the program has pitfalls that homeowners need to be aware of. Please watch this video to learn what consumers should be asking BEFORE they agree to the forbearance program:
I hope this video is helpful! Please feel free to share with others.