Mortgage Rates

Feb. 5, 2018

Whether You Rent or Buy, Either Way You're Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source ...

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Jan. 23, 2018

Home Purchasing Power: The Trend is NOT your Friend!

Much has been said about the rising prices of real estate in the Bay Area. But this is only half of the story.

Here's the other half:Home Purchase Power - How Much House at $2,500 a month

This chart is quite a bit different from your typical 'interest rate' graph.

The key idea behind this chart, is to keep ...

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Dec. 13, 2017

What is the Cost of Waiting Until Next Year to Buy?

We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ...

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April 13, 2017

Home Mortgages: The Ups and Downs

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have ...

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July 25, 2016

The Brexit Impact: 30 Days Later


Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the ...

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Feb. 13, 2016

What is Your Home Equity Position?

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Michael Koenig and Maureen Torretto discuss how the steady increase in real estate values over the past couple years has affected your home equity position.

Having this knowledge can give you options! Contact me to find out what your equity ...

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July 8, 2015

Take Advantage of Market Volatility

Schadenfreude. Ever hear of this term? Basically, it means to take satisfaction or pleasure at the expense of someone else's misfortune.

Well, that's basically the opportunity now.

The financial markets are in turmoil, thanks to what is happening in Greece and China. The benefit to you? Look at ...

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Dec. 13, 2012

Your Home Purchasing Power Has Never Been Greater [CHART]

$2,000 Monthly Mortgage Buys You This Much

Do I really need to add more verbiage to this article? Probably not. The chart speaks for itself. But I'm going to chat it up anyways. Buckle up.

Your home affordability factor is directly driven by mortgage interest rates. Basically, when interest rates rise by 1%, your purchasing power falls ...

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Oct. 11, 2011

Should I Refinance My Home?

With mortgage rates at all-time lows, you may be asking "Is now a good time to refinance?". This short interview from NBC's The Today Show offers good insight.

Refinancing a mortgage is about more than just "low rates". For example, there are costs associated with giving a new mortgage ...

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Posted in Mortgage Rates
Oct. 7, 2011

Freddie Mac : Mortgage Rates Sub-4 Percent

Freddie Mac PMMS average rates

Mortgage rates have dropped past 4 percent.

For the first time in more than 40 years, data from Freddie Mac's weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide. It's the lowest average 30-year fixed ...

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Posted in Mortgage Rates