Found 3 blog entries tagged as mortgage rates.

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Notes from The Cobb Group: Our market is certainly affected by rising rates and inflation, however our market is still unique compared to primary markets around the country.  We met with Sam Cavanaugh, a top local lender with Mortgage Network, Inc., this week and concur with his thoughts on the current real estate market. "I do firmly believe the real estate market from a supply and demand perspective is very healthy. If anything is unhealthy about it, it's the lack of inventory which is not forecasted to abate anytime in the near future. Waiting to buy real estate until rates or prices drop is a risky play. Prices could and probably will keep rising, and rates could continue to rise from here for the forseeable future. If rates were to fall, one…

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Here Are 5 Questions to Ask Yourself Before You Refinance

Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring.

Refinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates, according to data from the Mortgage Bankers Association. The average interest rate for a 30-year fixed-rate mortgage fell to 3.45% last week, Freddie Mac  reported, the lowest level since October 2016.

More than 11 million homeowners stand save to an average of $268 per month on their mortgages if they were to refinance at today’s…

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Interest rates have been plummeting, but the cost of taking out a mortgage hasn’t fallen as fast.

Falling rates are usually a boon to the housing market, since that typically lowers the interest rates that lenders offer on mortgages. Borrowers can then buy homes or refinance their existing mortgages at a lower monthly cost. But they haven’t been feeling the full benefit of the recent rate swoon, one reason the housing market has remained cool over the past year.

Melissa Cohn, a mortgage broker and banker at Family First Funding LLC in New York, said she has been trying to temper clients’ expectations in recent months about how low of a mortgage rate is available to them.

“A lot of people hear stories about where rates should be and come in…

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