In spite of low home inventory, many prospective homebuyers are still willing to take the plunge and purchase a new home, or a first home. Interest rates have remained low and homebuyers want to take advantage of current rates even though market prices continue to rise. You may ask yourself if it’s a good...
Category: <span>Mortgage Rates</span>
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ADVERTISEMENT SATURATION
I witness time and again advertisements on the internet, billboards and radio for. The down payment is typically in the form of a grant that does not need to be paid back. Many people push these loans enticing first time homebuyers to buy a home without any money out of their pocket. While these loans...
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HOW WILL CONTINUED INFLATION AFFECT MORTGAGE RATES?
In recent weeks mortgage rates were reported to be slightly higher than the steadfast low rates we’ve become accustomed to for quite some time. Will rates continue to increase due to current inflation? Click link for details http://www.mortgagenewsdaily.com/consumer_rates/975470.aspx Contact Counsel Mortgage Group for daily rates. We’re a brokerage, we have...
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THE RUN-UP IN MORTGAGE RATES
The recent rate increases have stalled the demand for mortgage refinancing. Applications fell 5% last week according to the Mortgage Bankers Association’s seasonally adjusted index. How does this affect homeowners considering refinancing their mortgage loans?
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MORTGAGE DELINQUENCY
Mortgage delinquency is typically a good marker for revealing economic distress. If you’re in the market to buy or sell a home, or make an investment, knowing the mortgage delinquency rate is important. The Consumer Financial Protection Bureau has data, and graphs showing where the market was in 2008 compared to today. https://www.consumerfinance.gov/…/mortgages-90-or-more…/ Contact Counsel...
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HISTORIC LOWS
You may have heard that rates have increased slightly. Nonetheless the rates are still historically low. It is still a good time to buy, or refinance. You can check rates daily. Contact Counsel Mortgage Group. We offer a variety of products and services, ask us how we can assist you today. Counsel Mortgage Group®, LLC...
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IS THIS A TYPO?
Wait! Did I read that right? You meant to say 3%, not 2%, right? I mean, I talk to my friends and they’re telling me they are getting rates under 3%. So this is a typo, isn’t it? Well, there are a few lenders out there that are advertising rates under 2% on...
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LOW RATES ARE HERE
Are you in the market to purchase a home? Maybe you’re in the preliminary stages and looking at home listings online. Have you found a few homes you are interested in but you are not sure where to begin? A good place to start is knowing the current rates. We post the rates daily...
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NOW IS THE TIME TO LOCK IN A RATE
Today’s interest rates are at an all-time low. You may want to lock in a low rate while you can. Rates are subject to change. Interest rates, like stocks, change daily; it is hard to predict whether the rate will go up or down. It is best to see what your payment is...
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NOW OR LATER?
The interest rates have remained low and are currently under 3%. Waiting to buy a home may not be the best decision, rates are subject to change. There’s no guarantee rates will remain low. Choosing to buy now may give more purchasing power than if you wait until later. It is also a...