28 Dec 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – December 28, 2020

Financial Reports, ,
Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly average mortgage rates were also released, but readings for jobless claims were not released due to the Christmas holiday. Single-Family Home Sales Fall in November Sales of new and previously owned homes were lower in November. Fear of rising covid-19 cases and the usual slump in home sales during the winter holidays contributed to fewer home sales. Rapidly rising home prices cooled buyer interest; short supplies of pre-owned homes for sale drove prices of new homes higher as demand increased. Inventory of new…
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03 Nov 2020
By 24hr Mortgage

How To Negotiate A Better Mortgage Rate

Mortgage, ,
For those who are thinking about buying a house in the near future, they want to make sure that they get the best mortgage rate possible. At the same time, if people who want to reduce the interest rate on their mortgage, then they need to do everything you can to make yourself as attractive as possible to lenders. When they are negotiating for a better rate on your mortgage, they need to keep a few important points in mind. Make A Larger Down Payment If people want the lender to reduce the interest rate on your mortgage, then borrowers…
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29 Oct 2020
By 24hr Mortgage

The Required Steps For A Smooth Mortgage Refinance Process

Mortgage, ,
There are lots of people who have heard that one of the top ways to ensure the best mortgage rate possible is to refinance. At the same time, it is critical to make sure that this process is planned out accordingly. Therefore, there are a few steps that everyone has to follow to make sure they are able to handle the mortgage refinancing process in a smooth manner that leads to the best rate possible. Ask If A Refinance Is The Right Step There are a lot of people who assume that a mortgage refinance is a financial win; however,…
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26 Oct 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – October 26, 2020

Financial Fraud, ,
Last week’s economic reporting included readings from the National Association of Home Builders on housing markets, and Commerce Department readings on housing starts and building permits issued. Data on sales of previously-owned homes were also released. Weekly readings on mortgage rates and jobless claims were also released. NAHB Housing Market Index Rises in October The National Association of Home Builders reported an index reading of 85 for their Housing Market Index in October. This was the third consecutive month the HMI had a record reading and was the second consecutive month the index achieved readings over 80. Readings over 50…
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12 Oct 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – October 12, 2020

Financial Reports, ,
Last week’s economic reporting included readings on inflation,  job openings, a speech by Fed Chair Jerome Powell on the economy, and the latest Consumer Sentiment Index from the University of Michigan. Weekly reports on new and continuing jobless claims and mortgage rates were also released. Hiring Surge and Job Separations Ease in August The U.S. Department of Labor reported fewer job openings in August with 6.49 million job openings reported as compared to July’s reading of 6.70 million jobs available. Analysts noted that this indicated a slowdown in hiring after businesses re-opened when COVID-19 restrictions lapsed. Job separations, which include…
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24 Sep 2020
By 24hr Mortgage

Buying A Home With Cash Versus Low Interest Rate Mortgages

Mortgage, ,
The real estate market has been in flux during the past few months. As a result, this could be a great time to both buy and sell a home. This is because mortgage rates are attractive for borrowers right now. With so many people who are looking to buy a home, is likely the people selling a home are going to receive multiple offers. On the other hand, given what the mortgage market looks like right now, borrowers also have attractive options. As a result, many people are wondering if they should buy a house with cash or take advantage…
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