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How costly are interest rate increases on a home purchase mortgage?

November 16, 2018 By Dominic & Hem-young deFazio Leave a Comment

Consumers are aware that interest rates are increasing, but very few understand how costly these seemingly small increases can be over the life of a 30-year mortgage. If you are reluctant to buy now, you need to rethink your position. The experts believe that interest rates will increase by another quarter point before the end of 2018 and that another three rate hikes will follow in 2019. Continue Reading

Filed Under: Great Real Estate Tagged With: Amortization Calculator, Economy, Finance, Fixed Rate Mortgage, Home Purchase Mortgage, Increase Interest Rate, Interest, Interest Rate Increase, Money, Mortgage, Mortgage Calculator, Mortgage Loan, Purchase Mortgage, Rate Hike, Rate Increases, Rate Mortgage Dominic & Hem-young deFazio Filed Under: Great Real Estate

Mortgage market analysis for the last week of February.

March 1, 2018 By Rosangela dos Santos Leave a Comment

Note: Since the publication of this report, the stock market is down significantly, most recently on the Trump announcement of tariffs. During a light last week of Februrary for economic data, investors were mostly focused on the Fed minutes.There were few surprises in the minutes or in the data, and mortgage rates ended last week with little change. The Fed Minutes: The minutes from the Continue Reading

Filed Under: Great Real Estate Tagged With: Core Inflation, Economic Data, Economic History Of The United States, Economy, Fannie Mae, Federal Reserve System, Financial Economics, Inflation, Last Week, Macroeconomics, Market Analysis, Money, Mortgage Industry Of The United States, Mortgage Loan, Mortgage Marketing, Previously Owned Homes, Rate Hike, United States Housing Market Correction, Us Federal Reserve Rosangela dos Santos Filed Under: Great Real Estate

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