Real Estate Marketing & Beyond

Mortgage rates rise again, sending borrowing costs up

By Mike Wheatley | April 2, 2022

interest rates

Higher Interest Rates Are Coming Soon!

By Brian Kline | February 23, 2022

For homebuyers across the country, it feels like a never-ending uphill battle. Tight inventory, multiple offers on ‘fixer’ properties, and houses selling for well above the asking price (often tens of thousands over the asking price) - literally everything seems like an insurmountable hurdle. And now, higher interest rates are about to kick in. What […]

Mortgage, Real Estate

Consider APR when shopping for a mortgage, experts say

By Mike Wheatley | February 12, 2021

Mortgage rates at their current record lows offer some serious savings for both home buyers and people looking to refinance. But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take into account other costs such as upfront fees. […]

Mortgage rates fall again but credit availability gets tighter

By Mike Wheatley | October 21, 2020

Mortgage rates are at an all-time low, but that’s just too bad for the thousands of potential home buyers who’re missing out on the action due to tighter lending standards. According to Bloomberg News, housing credit availability has reached its lowest level since February 2014. Back in January of 2019, Ginnie Mae, which is a […]

Home Buying, Mortgage, US Real Estate

Economists blame low mortgage rates for rising home prices

By Mike Wheatley | October 21, 2020

Home prices have risen by double-digits in recent months, and that’s all the more bewildering during an economic crisis like the one we’re going through now. Experts say the reason could be the 30-year fixed-rate mortgage, which hit a record low average of 2.81% just last week. “The combination of what could be the lowest […]

Study finds that 75% of homeowners could reduce their mortgage payment through refinancing

By Mike Wheatley | September 17, 2020

With the 30-year fixed-rate mortgage at an all-time low, the pool of homeowners that could benefit from refinancing and lower their monthly mortgage repayment has increased dramatically, experts say. In fact, some 75% of homeowners, or around 19.3 million, could benefit, according to data from mortgage software and analytics firm Black Knight. That's the largest […]

Mortgage, Real Estate

Fed votes to keep interest rates at near zero again

By Mike Wheatley | July 31, 2020

The Federal Reserve this week voted to keep its benchmark interest rate at close to zero. The move should help ensure the cost of home loans remains down, long enough for the economy to begin its recovery from the COVID-19 pandemic, experts said. The Fed also said it’s extending its credit and lending initiatives until […]

Featured News, Home Sales, Zillow

Zillow: Coronavirus is slowing the housing market

By Mike Wheatley | April 9, 2020

It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast. Low rates are typically associated with healthy housing demand and a strong market – especially now that we've entered home shopping season – but early signs indicate the market is slowing. As the […]

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