Mortgage

Sept. 14, 2020

Freddie Mac: Mortgages Hit Another All-Time Low

Low Home Loan Rates

Freddie Mac recently released the results of its Primary Mortgage Market Survey®, which showed that the 30-year fixed rate mortgage is averaging 2.86 percent—the lowest in survey history, which goes back to 1971.

Here’s the breakdown:

30-Year Fixed-Rate Mortgage

Averaged 2.86 percent with an average 0.8 point ...

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Posted in Mortgage
Sept. 11, 2020

Should You Refinance While Interest Rates Are Low?

Mortgage Savings By Refinancing

It's common knowledge that the interest rates on real estate loans have plummeted.

3 Reasons to Refinance

I can’t understand why lenders aren’t doubling their workforces. Why isn’t almost everybody refinancing these days? Sure, there are legit reasons not to refinance. In fact, I’ve advised many of my clients ...

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Posted in Mortgage
Sept. 8, 2020

U.S. mortgage rates hover near historic lows

HISTORIC LOW RATES

U.S. mortgage rates were essentially unchanged this week remaining near historic lows, according to Freddie Mac.

The 30-year fixed mortgage rate averaged 2.93 percent for the week ending Sept. 3 — up slightly from a rate of 2.91 percent last week. A year ago, mortgage rates stood ...

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Posted in Mortgage
July 20, 2020

Mortgage Rates Fall Below 3% [INFOGRAPHIC]

Mortgage Rates Fall Below 3% [INFOGRAPHIC] | MyKCM

Some Highlights

  • Mortgage rates hit another all-time low, falling below 3% this week.
  • If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.
  • Let’s connect today to determine your best next steps toward homeownership.
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Posted in Mortgage
July 15, 2020

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks | MyKCM

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):Mortgage Rates Hit Record Lows for Three Consecutive Weeks | MyKCM

What ...

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Posted in Mortgage
May 22, 2020

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC] | MyKCM

Some Highlights

  • Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
  • Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
  • Let’s connect to determine the best way to position yourself for a ...
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Posted in Mortgage
March 26, 2020

Is Now a Good Time to Refinance My Home?Is Now a Good Time to Refinance My Home?

Is Now a Good Time to Refinance My Home? | MyKCM

With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions:

Why do you want to refinance?

There are many reasons to refinance ...

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Posted in Mortgage
March 3, 2020

How Interest Rates Can Impact Your Monthly Housing Payments

How Interest Rates Can Impact Your Monthly Housing Payments | MyKCM

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.

Freddie Mac explains:

If you're in ...

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Posted in Mortgage
March 3, 2020

How Your Tax Refund Can Move You Toward Homeownership This Year

How Your Tax Refund Can Move You Toward Homeownership This Year | MyKCM

If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year.

Based on data released by the Internal Revenue Service (IRS), Americans can expect an ...

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Posted in Mortgage
Dec. 5, 2019

Freddie Mac: Mortgage rates hold steady amid economic uncertainty

Mortgage Rates

BY: Alcynna LLoyd

This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.68%. Although this rate is left unchanged from last week’s percentage, it’s still more than a percentage point below the 4.75% of the year-earlier week, according to the Freddie Mac ...

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Posted in Mortgage