Month: November 2016

Mortgage Rates Increase Headed into Holiday Weekend

Regan Hagestad November 29, 2016

Freddie Mac’s most recent Primary Mortgage Market Survey shows average fixed mortgage rates moving higher, with the average 30-year fixed-rate mortgage topping 4 percent for the first time since 2015. “In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate followed

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Four Factors That Will Help You Get a Mortgage

Regan Hagestad November 21, 2016

Mortgage lenders look at four factors when deciding whether to grant financing, and having an understanding of each will help make the process much easier. Steady income Having a stable income is key. Lenders crave a consistent income that is poised to continue into the future, while any gaps in employment during the past two years must be explained and

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Can I Buy With Cash And Then Get A Mortgage?

Regan Hagestad November 14, 2016

There’s a new buying strategy brewing: Cash first, mortgage later. Here’s how it works: Rather than having to finance a purchase, buyers liquidate their assets (including taking money out of their retirement savings, investment accounts and assets such as other property); amass enough cash to purchase a home outright; and then make an all-cash offer. This can help make your

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Mortgage Rates See an Increase

Regan Hagestad November 9, 2016

Freddie Mac’s most recent Primary Mortgage Market Survey shows that a jump this past week in the personal consumption expenditure (PCE) — the price index tracked most closely by the Fed — raised the prospect that inflation might not have gone by the wayside after all. Investors reacted by driving the yield on the 10-year Treasury to its highest point

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