Tag: mortgage rates
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Buying a home in Southern California? There are now more options
For much of the past year, the Southern California housing market has been defined by an extreme shortage of homes for sale.
Mortgage rates jump again, buyers head to the sideline
Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another big increase to its main borrowing rate.
Mortgage Rates Fell Below 3% Again. Here’s How Much Homeowners Could Save
Recently, mortgage and refinance rates haven’t made any big moves. “Rates are going to stay more or less fairly close to where they are…through the summer,” predicts Dick Lepre, senior loan advisor at RPM Mortgage. In the coming weeks and months, you should still be able to take advantage of the current mortgage interest rates. But over the course of the year, some experts expect rates to rise in 2021. “The upside risk to rates is, in my opinion, much higher, then the [possibility] of them dropping lower,” says Rich Swerbinksy, president and COO at Mortgage Collaborative.
Thinking about Refinancing – 5 Things to Consider
Mortgage rates have recently hit near-record lows and Freddie Mac predicts rates will remain low for the foreseeable future.
