Mortgage Blog

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 […]

Why mortgage rates are increasing in the face of massive stock declines

Under normal circumstances we expect mortgage rates to improve when stocks decline.  You can CLICK THIS LINK to learn why. However, as we can all attest these are anything but normal circumstances.  Despite the US stock market experiencing some of the biggest sell-offs in history mortgage rates are actually increasing off all-time lows.  Why the […]

Mortgage rates at all-time low levels

Home Loan Rates Mortgage rates are at all-time low levels.  We have recommended a floating position the past couple weeks and that position has proved beneficial. Volatility The financial markets are experiencing extreme volatility.  Yesterday the Dow Jones Industrial Average had its biggest one day drop ever……this morning US stocks are rallying. Mortgage lenders are […]

Mortgage rates at all-time lows, spread of fear may press them lower

Home Loan Rates In last week’s update we took a “floating” stance because we thought fear over the coronavirus would continue to grow.  That seems like an understatement now. Mortgage rates established new all-time lows on Thursday last week and remain at all-time low levels today. The Coronavirus The Coronavirus continues to spread across the […]

Mortgage rates at all time lows. Might they go even lower?

Home Loan Rates Mortgage rates are presently at all-time lows which were originally established in 2012 and again in 2016.  Could home loan rates go even lower? The Coronavirus Although new cases of the Coronavirus are slowing in China the number of people infected in other countries is growing.  Furthermore, there is fear that some […]

Mortgage rates remain low despite unfriendly news

Home Loan Rates Mortgage rates are mostly unchanged from last week despite economic news which has not been rate friendly. Jobs Report Last Friday’s all-important jobs report showed that 291,000 new jobs were created during the month of January.  Analysts had been expecting a figure closer to 160,000 new jobs.   Normally when the jobs report […]