When Should You Refinance Your Mortgage?
As interest rates fluctuate, you may consider refinancing your mortgage to a lower interest rate, shorter loan term, or lower monthly payment. You may want to switch from an adjustable…
Applying for a Loan? Review Your Credit Report First
Before you apply for a mortgage loan, check your credit reports at AnnualCreditReport.com. This site, by law, allows the three major credit reporting bureaus, Experian, Transunion, and Equifax, to provide…
High vs. Low Interest Rates: Pros & Cons Explained
When interest rates rise, buying a home becomes more expensive, so you may need to tighten your budget. However, there are advantages. For instance, if you have a fixed-rate mortgage,…
Why Timing the Market Rarely Works
Mortgage interest rates are slowly drifting lower, giving a much-needed boost to both homebuyers and home sellers. Yet, home prices continue to rise, even as more sellers put their homes…
Lower Mortgage Interest Rates for Spring Homebuying
Once the outcome of the presidential election was known, 30-year mortgage interest rates slowly decreased through the end of 2024 from the high 6% range, into the mid-to-low 6% range.…