If you need to take out a loan, you’re going to have to pay back that loan with interest. Interest is paid in exchange for the convenience of borrowing money. It’s sort of like the price on borrowing money...
Category: Mortgage Market
Ever since the Federal Reserve slashed short term rated and pushed money into the mortgage market, interest rates have begun to stabilize at extraordinary low numbers. These low interest rates are making it a fantastic time to refinance...
According to the National Association of Realtors, existing home sales for June surged almost 21% compared to May.
Just when we thought mortgage rates were done breaking records, Freddie Mac announces that 30-year fixed rate mortgage rates have dropped to another new low.
It may be hard to admit, but the Coronavirus pandemic is going to have a harsh effect on the economy. Under normal circumstances, this would result in terrible consequences for the housing market. And yet, the opposite effect is starting to take place.
As the Coronavirus pandemic continues, financial uncertainty has unfortunately become the norm for many families. However, many homeowners may be able to catch a break through cash-out refinances. Refinancing involves...
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act went into effect. The CARES Act was designed to provide assistance to those who have been financially affected by the COVID-19 pandemic. This includes potentially offering mortgage forbearance to homeowners.
By now you’ve probably heard about the economic impact the Coronavirus pandemic is having on the United States. And if you’ve been following those developments, then you’ve probably heard about the tremendous number of refinances taking place due to low mortgage rates.
As a result of the COVID-19 outbreak, concern for a global economic decline is increasing, causing low interest rates within the housing market.
Many Long Island millennials feel like their only options are moving away or living with their parents. But purchasing their own home may be easier than they think.