by Mark Chaffee | Feb 25, 2020 | Mortgage Tips, Rate Information, Refinancing
At the start of February, mortgage interest rates dropped to their lowest since 2016.1 Most people know this is good news, but not everyone understands exactly how it may affect them. Here’s a short explanation of the two big ways you may be able to benefit from...
by Mark Chaffee | Mar 14, 2017 | Housing Affordability, Owning Vs Renting, Rate Information
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the...
by Mark Chaffee | May 10, 2016 | Mortgage Tips, Rate Information, Refinancing, Uncategorized
The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices...
by Mark Chaffee | Aug 6, 2015 | Financial Fitness, Funding College Education, Mortgage Tips, Owning Vs Renting, Paying Down Debt, Rate Information
Many people hate their mortgage because they know over the life of a 30 year loan they will spend more in interest than the house cost them in the first place. To save money it becomes very tempting to make a bigger down payment, or make extra principal payments....
