interestrate

Mortgage interest rates change often. They change due to a large variety of factors including the supply and demand of homes and the state of the Federal Reserve. But do those fluctuating interest rates affect the housing market? Looking for Current Mortgage Interest Rates? Click Here. They do – they have a very large impact. HIGHER RATES MEANS A SLOWER MARKET Most buyers need financing to buy a home. In ...

What’s the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest interest rate possible. Compare Offers from Several Mortgage Lenders. How do you shop for the most competitive interest rate though? Keep reading ...

No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A lower rate doesn’t necessarily mean it will be easy to afford your loan. In fact, 1/4th or even ½ of a point doesn’t make a huge diff...