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Real Estate News

History of US Mortgage Rates and Encouragement to Purchase New Homes

The following is a guest post by Tiffany Swisher, a Home Mortgage Consultant for Colorado Mortgage Alliance 

Recently we have all been rattled by the sudden increase in mortgage rates, but we should not be. Since the Federal Reserve have been dropping the interest rate, which directly relates to our mortgage rates and PRIME RATE we have been told it is only a short fix and to expect interest rates to go back up.Unfortunately or fortunately, however you choose to look at it, the Fed’s have kept interest rates extremely low for about 4 years straight and we have accepted these rates as the norm. Historically speaking the interest rates we were taking out over 4 years ago, 6%, before...

Mortgage Rates Going Up, and Up, and Up?

Courtesy of Freddie Mac

Courtesy of Freddie Mac

Not exactly, but they are trending upwards. The U.S. home-loan rates are at the highest they have been in 13 months. For the past 3 weeks, mortgage rates are climbing, but luckily the rise is likely going to come to an end.(more…)...

The Future of the Housing Market

Our current housing market is a seller’s dream. Low inventory has given sellers the opportunity to force buyers into bidding wars. With the surplus buyers, sellers are able to pick and choose between offers, often settling on the highest bid. However, as desirable as this current market is for sellers, it won’t last forever.(more…)...