Mortgage Trend

When it comes to buying a new home, finding the perfect neighborhood can be as exciting and as challenging as finding the ideal house. From suitability to affordability to accessibility, many factors go into deciding where to live — and where not to.  Sometimes you’ll know it when you see …

It finally happened. This week Freddie Mac reported a 30-year fixed-rate mortgage average below 3%. That puts the average for consumers (remember, your rate will vary based on a variety of conditions) at 2.98%. As you would expect, mortgage volume has gone up over the last week. The Mortgage Bankers …

Closing on your home is an exciting milestone, and if you’ve made it to this point in the process, congrats! But before the keys are finally handed over, there’s still plenty that needs to happen. Both buyers and sellers should keep reading to get an idea of what to expect …

Your credit rating has an enormous influence on your financial stability. A borrowers’ credit score will determine whether they are approved for a loan or credit card. It also determines the interest rate. Borrowers with bad credit will have a more difficult time getting approved for loans and the ones …

Historically low-interest rates went even lower this week. The 30-year fixed-rate mortgage average from Freddie Mac went down to 3.03%. Remember, that is an average, which means there are plenty of buyers or refinancers getting rates under 3%.  Low rates are helping spur a spike in purchases. The weekly index …

If you find yourself saying, “My rent is too high to save money for a house,” you’re not alone. In fact, back in 2010, a Brooklynite running for governor made the phrase go viral.  Many renters find themselves in the troublesome position of putting a majority of their take-home pay …

Movement Mortgage, a national top 10 retail mortgage lender, is excited to welcome Jimmy Richards and his team back to the Virginia Beach market. Richards began his career as an underwriter at Movement Mortgage before transitioning to Sales. His decade of experience on both sides of the mortgage industry makes …

Discussing mortgage closing costs with a loan officer is pretty much a homebuyer’s last opportunity to secure the best possible interest rate on a home loan. One way to lower that rate — and your monthly payments — is by purchasing ‘mortgage points.’  Buying points is an opportunity that doesn’t …

If you recently closed on a new house, condo, or townhome, you probably started house hunting months ago. And with the average mortgage taking 30+ days from application to closing — you undoubtedly kicked things off in the midst of the COVID-19 pandemic. That’s so baller. So, congratulations on moving …