Martgage rate

Mortgage points (discount points) are upfront fees you pay to your lender to lower your mortgage interest rate — often called “buying down” your rate. How It Works: 1 point = 1% of your loan amount On a $600,000 loan, 1 point costs $6,000 Typically lowers your rate by about 0.25% (for example, from 6.5% […]

The recent drop in mortgage rates is indeed big news for potential homebuyers. Lower mortgage rates can significantly impact your purchasing power, meaning you can afford a more expensive home or enjoy lower monthly payments for the same-priced property. With rates at their lowest level since February 2023, it’s an opportune moment to consider entering […]

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. Global uncertainty can have a significant impact on mortgage rates. When there is a high level of uncertainty in the global […]