Mortgage Rates Newsletter - Market Analysis

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

Who's Lying About The Spike in Mortgage Rates?
Fri, 24 Sep 2021 23:46:51 GMT - As recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who's lying to you? Perhaps no one! Thursday's news fell victim to the oldest trick in the mortgage rate reporting book. Well, it's not a trick so much as a pitfall , but it's surprisingly common given how easy it would be to avoid. The issue centers on Freddie Mac's weekly mortgage rate survey. As the name suggests, this is an actual survey that's sent out to thousands of originators over the weekend. Responses are accepted through Wednesday, but a majority of responses are in by Monday morning. Results aren't released until Thursday. This isn't a problem when rates remain relatively flat between
Mortgage Rates Are Actually MUCH Higher This Week
Thu, 23 Sep 2021 19:47:38 GMT - Mortgage rates jumped substantially higher today as global markets reacted to yesterday's Fed announcement. But that's really just scratching the surface. The Fed is a convenient talking point because simply due to timing and the absence of another obvious, singular source of inspiration. It's entirely possible that the confluence of other factors would be producing a similar result regardless of the Fed. In fact, the bond market is talking about 8-9 separate potential market movers today. Most of them are fairly esoteric. The Fed's decision to telegraph a tapering announcement in November is one of the simplest topics, but simpler still is the week-over-week drop in covid case counts in the US. Late September was always going to be important in that regard for several reasons. It's late enough
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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