Long-term mortgage interest rates have more than doubled in the past year and hit 14-year highs as of September 2022. If you bought a home in recent years with an adjustable-rate mortgage (ARM), it probably made a lot of sense at the time and helped you s
Oct 25, 2022 | Interest Rates
Public school teachers are in high demand right now. A recent study estimates that there are 36,000 open teacher positions across the U.S. right now. Perhaps the rising teacher shortage is due to the extra stresses placed on educators because of the COVID
Oct 20, 2022 | Purchasing a Home
The Federal Reserve’s September interest rate hike marks the fifth straight increase in 2022. What does that mean for the mortgage world? Fed Rate Hikes The Federal Reserve is in charge of maintaining a healthy level of inflation and employment in the U.S
Oct 18, 2022 | Interest Rates
Here are the weekly rates as of October 14, 2022: 30 Year Fixed Conforming: 6.875% (6.965% APR) 15 Year Fixed Conforming: 6.375% (6.548% APR) 7/6 Jumbo ARM: 6.625% (5.610% APR) 30 Year Fixed Jumbo: 6.375% (6.527% APR) For the weekly rate sheet PDF,
Oct 16, 2022 | Interest Rates Fixed Rate Mortgages Adjustable Rate Mortgages Mortgages Jumbo Loans
Homeowner equity is near all-time highs right now as home prices have skyrocketed over the past few years. And while mortgage rates have been creeping up, they are still near low, historically speaking, making it a great time to tap that home equity for o
Oct 13, 2022 | Credit
In today’s competitive housing market, it is smart to look at all the possible avenues for becoming a homeowner. Especially if you are a first-time buyer or have less-than-perfect credit, it can be difficult to break into the market. One option you could
Oct 11, 2022 | Purchasing a Home