Mortgage Rates Newsletter - Market Analysis

Provided courtesy of: http://www.mortgagenewsdaily.com/reports/mortgage_rates/archive

The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility
Fri, 15 Jan 2021 21:44:38 GMT - It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts on the economy remain the driving forces behind market trends. That's generally been great for rates, but it also means that rates should gradually rise as we battle back against covid. If the onset of the pandemic pushed rates to all-time lows, it's only fair that progress against the pandemic would result in rates moving up from all-time lows. If you ask 10yr Treasury yields, that's been the case for quite a while. And while the stock market has been singing a similar tune, the mortgage market has been in its own glorious
Mortgage Rates Continue Healing, But Remain Well Above Recent Lows
Wed, 13 Jan 2021 21:50:22 GMT - Mortgage rates had another solid day today--this time without any of the early drama seen yesterday. If you're just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election. When bonds sell-off, it means bond PRICES are getting lower and bond YIELDS (aka RATES) are getting higher. The GA election sparked the move because it gave democrats total control of the government, thus making it easier to pass legislation--especially as it concerns some sort of upgrade to the most recent round of covid-relief stimulus. Covid-relief stimulus may do great things for people in the short term and for the economy in the longer term, but it does bad things for interest rates (assuming you like low rates,
Mortgage Home Loan

Mortgage Home Loan

the charging of real (or personal) property by a debtor to a creditor as security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period.

Home ownership is something many Americans just like you strive for. It can be a rewarding experience that helps you achieve both personal and financial goals.

mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate; by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a "French Law" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.[1] Mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan).

If you already own your own home, you understand the value and security property ownership brings. Because your home is an investment you're paying off over time, you may have already accrued valuable equity in your property. Often, that equity can be leveraged to improve your home, improve your lifestyle, or help you realize other dreams you may have.

While mortgage rates continue to be at historic lows, there's never been a better time to buy.

If this is your first time buying a home take comfort knowing that we will provide you with all the information, sound advice, and assistance you need, every step of the way. Let us help you understand the options available to you at this important stage in your life.

If you would like to be kept up to date on current mortgage rates and home ownership news, please fill out this simple online form with your details and click submit, and I will email you current mortgage rates in your area and will also provide you with mortgage solutions that best suits your requirements.

 

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