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Monthly Archives :

February 2020

Save Big Time on a Mortgage Refinance as Rates Hit 3-Year Low
Save Big Time on a Mortgage Refinance as Rates Hit 3-Year Low 1024 536 hooter

The average rate on the 30-year fixed mortgage just hit 3.49%, according to a survey by Mortgage News Daily. That’s down from 3.8% at the start of January and 4.58% a year ago. About 9.4 million borrowers could save an average $272 per month if…

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How Interest Rates Affect Your Affordability
How Do Interest Rates Affect My Purchase Power?
How Do Interest Rates Affect My Purchase Power? 1024 536 Vellum Mortgage

Nothing affects a home’s affordability more than interest rates. After all, we live with the monthly payment, not the amount of the loan. The higher your mortgage rate is, the higher your monthly payments are going to be. Buying power, simply put, is the amount…

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