Understanding Mortgage Refinancing and Home Equity Options in 2023 As we navigate through 2023, the landscape of mortgage refinancing has shifted significantly. Homeowners who once found refinancing a viable option to tap into their home equity are now facing a different reality. With current mortgage rates averaging around 6.75%, refinancing for a larger mortgage is […]
The Impact of Interest Rates on Home Buying In the fall of 2021, the average interest rate on 30-year fixed mortgages was just under 3%. By fall of 2023, due to Federal Reserve rate hikes to curb inflation, it was nearly 8%. Higher interest rates mean higher monthly mortgage payments and lifetime costs of a […]
How to Navigate the Mortgage Process: A Comprehensive Guide Shopping for a mortgage can be more complex than comparing credit cards or auto loans, but it’s time well spent. A mortgage will likely be the largest loan you ever take on, and interest rate savings of even a half of a percent could save you […]
