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Inflation vs. Interest Rates

As inflation rises, it typically causes mortgage rates to move higher as well.  That’s because inflation is the arch enemy of interest rates, since it erodes the buying power of the fixed return that a mortgage holder receives. While inflation may look tame to everyone at this time, it’s my job to dig deeper for Read More…

Tips to be a Competitive Homebuyer

Homebuyers in many areas are finding themselves in a seller’s market right now. More often than not, buyers are reporting bidding wars. How can you improve your odds of winning? It may take more than just offering a little more than the asking price. Here are some ways to enhance your chances: Get a strong preRead More…

Potential Monthly Savings when Refinancing

Like many homeowners, you may be hesitant to invest in a refinance for relatively small monthly savings. But simply put, the return on investment for a refi can be better than just about any other option you might find! Example: If you invest $3,000 to refinance your loan, and your savings is $100 per month…Read More…

RATES are STILL at HISTORIC LOWS!

You’ve probably even heard me say “historically low rates” before. Now, a weekly industry survey by Freddie Mac, the government-sponsored mortgage enterprise, is reporting an average 2.98% on a 30-year fixed-rate mortgage. That’s the lowest average rate in the 49-year history of their data collection and the fRead More…