Industry Update

Industry Update: More Millennials Turn to Their Home’s Equity According to a new survey commissioned by Discover Home Equity Loans, older millennials (ages 30 to 34) are twice as likely as baby boomers to take out a home equity loan. Of the 64 percent of older millennials surveyed who own a home, 51 percent have used a home

The new year is a great time to review and evaluate your home financing.  Especially if you purchased a home in the last 12 months or you have a rate of 6.5% or above! Interest rates have recently dropped and there are some excited new programs available. Whether you’re looking to tap into some of

So true. It’s been a year and a half with these higher mortgage rates. The end is in sight, finally. The Fed is very close to putting a halt to raising rates. Fannie Mae, Freddie Mac and the Home Builders Association all predict mortgage rates to dip into the 5s next year. Usually with higher

Summer 2022 The Federal Reserve continued their fight against inflation and possible recession last week by increasing rates another 75 bps. This affects things like HELOCs, Credit Card APRs, Auto Loans and personal loan. Over the last few months, we’ve seen mortgage rates jump into the high 5’s and, in some cases, 6.0%.  As we

Spring 2022 Hi Everyone!  Spring is here, COVID is hiding, war in Ukraine and rates are higher.  Sounds like the beginning of an updated We Didn’t Start the Fire!  Yes, fixed rates are in the mid 4s but will they go up more? We have all heard that the Fed will increase their rates another

What Does it Take to Get Pre Approved? Especially in this market, it is important that you – the borrower(s)- have your mortgage financing plan in place. A Pre Approval accomplishes two things: confidence while shopping for a home knowing it’s something you can afford and, second, your potential offer is stronger when submitted with