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Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...
What Not to Do Between Application and Closing
Ignore Impulse Buys The days between the time you apply for a mortgage and the moment that you close the loan can be filled with adrenaline. The excitement of owning your first home or buying a new on...
Mortgage Rates Are Going Up – You May Want to Act Now
Why Are Mortgage Rates Going Up? According to the latest data released from Freddie Mac, the 30-year fixed-rate just increased for the seventh consecutive week. The same report indicated that purchase...