1 STOP MORTGAGE BLOG!

Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out. What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the interest upfront on your home loan. One point is equal to 1% of your mortgage amount. For example, one point on a $100...

July 18th, 2018 | Purchasing a Home, Interest Rates, Should I Pay Mortgage Points?

Mortgage rates are a great bargain in today's market

The Fed and the State of Interest Rates       The Hershman Group reports today that the start of a new year is a good time to reflect as we previously have on the state of jobs and real estate. Another important factor we are monitoring is the movement of interest rates. There is no doubt about the fact that one benefit of our very slow and steady recovery from the Great Recession has been incredibly low interest rates. These rates have made homeownership and other large purchases such as cars more affordable for tens of millions of Americans. In addition, these r...

January 31st, 2017 | Interest Rates, Mortgage rates are a great bargain in today's market

Mortgage Rates Are Still Super Low!

 Mortgage Rates Are Still Super Low!Mortgage News Daily - June 13, 2016Mortgage rates haven't moved too much recently, and no one is complaining.  While each of the past 5 days has only seen a modest drop in rates, they were already operating near 3-year lows.  They officially hit new 3-year lows late last week, meaning today's modest improvement only takes us deeper into that territory.   It gets better.  Three-year lows also happen to be pretty close to all-time lows.  In terms of the average conventional 30yr fixed rate on a top tier scenario, we'...

June 13th, 2016 | Interest Rates, Mortgage Rates Are Still Super Low!

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