Winter Is Coming for Mortgage Rates. Why That Might Be a Good Thing
Mortgage rates have been on a wild ride the past few years. In fact, it was still possible to obtain a 3% 30-year fixed mortgage in early 2022. By late 2023, you may have faced an 8% mortgage rate. And today, your rate might start with a 5, 6, or a 7. Volatility has reigned […]
Homeowners Who Refinanced Recently Saw the Biggest Mortgage Rate Improvement in Decades
When mortgage rates fell to around 6% in August, homeowners jumped at the opportunity to refinance. In the months of September and October, more than 300,000 borrowers closed on a refinance, including nearly 150,000 rate and term refinances, per the latest Mortgage Monitor report from ICE. This pushed refinance volumes to their highest levels in […]
If You’re Serious About Selling Your Home, List Below the Zestimate
Recently, I’ve encountered two very different types of for-sale listings in the market. There are the properties that go pending in about a week, essentially flying off the shelf. And there are the listings that fester on the market for months with little to no action. Often, the difference is simply in the price, not […]
Larger Loan Amounts Require Smaller Mortgage Rate Decreases for a Refinance to Pencil
While 2025 offers some hope mortgage rates will move lower, that’s still very much up in the air. There are renewed worries that inflation could reignite, pushing rates higher in the New Year. Especially as we welcome a new president who has promised to introduce some inflationary policies, such as widespread tariffs. This not only […]
2025 Mortgage Rate Predictions: Where Do They Go From Here?
It’s that time of the year when I look at what the next year might have in store for mortgage rates. It’s never easy to accurately forecast mortgage rates, and this past year was no exception. The 30-year fixed ranged from a low of 6.08% in September to as high as 7.22% in May, and […]