by Jesse Murphy | Oct 17, 2022 | Buying, Mortgage
Trying to time the market can work about as well as using tea leaves to predict the future. This piece by Keeping Current Matters, shared with me by a friend in the industry, covers a few of the home-buying realities created by rising interest rates. It’s been made...
by Jesse Murphy | May 18, 2022 | Buying, Mortgage, Resources
At first glance there seems to be a lot of doom around rising mortgage rates. However, a more balanced market benefits everyone, especially in the long-term. So it’s not all bad news! Yes, a higher interest rate will increase the cost of a loan to buy a home. However,...
by Jesse Murphy | Dec 1, 2020 | Buying, Mortgage
The U.S. continues to see record-low interest rates as we work through challenging economic times. It is projected that the Federal Reserve will keep rates low for a while, and that is a good thing when looking to secure a loan. It also means we will continue to see...
by Jesse Murphy | Mar 17, 2020 | Buying, Mortgage
Mortgage rates continue to be historically low, and while mortgage rates are not directly tied to the federal funds rate, after the emergency rate cut by the Federal Reserve there is a chance rates may go even lower. Before you make the leap to refinance your...
by Jesse Murphy | Mar 17, 2020 | Buying, Mortgage
A lot of regulations around mortgages have changed since the 2008 financial crisis, which created healthier lending practices. That didn’t change the fact that many home buyers, not just first-timers, struggle to save enough for a 20% down payment. So do home buyers...
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