As a mortgage broker, it's important to understand the difference between the Federal Reserve interest rate (Fed Rate) and mortgage rates. While the Fed Rate is set by the Federal Reserve and influences the overall economy, mortgage rates are determined b
Oct 01, 2024 | Interest Rates
Embracing Adjustable-Rate Mortgages in a Fluctuating Interest Rate Environment In today’s market, where interest rates can shift unpredictably, achieving homeownership through conventional fixed-rate mortgages might feel out of reach for many. Howev
Sep 03, 2024 | Purchasing a Home Interest Rates
In the intricate dance of acquiring a mortgage, your credit score takes center stage, dictating the interest rate that can either make your dreams of homeownership a reality or a financial challenge. Understanding the dynamics between your credit score an
Mar 05, 2024 | Interest Rates
In the dynamic world of the American economy, one institution holds the reins, steering the course—the Federal Reserve, affectionately known as the "Fed." As the guardian of monetary policy, it exerts a potent influence on various aspects of our fin
Jan 16, 2024 | Purchasing a Home Interest Rates
Mortgage interest rates have risen sharply in the past year, having bumped around the 3% -4% range for the last decade. After getting so accustomed to that range of rates, many borrowers are struggling with today’s level in the 6% span. However, his
Jun 13, 2023 | Interest Rates