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Mortgage Interest Rates are Rising!

Mortgage interest rates are predicted to average 5% this year.

Gail Alm, Certified Mortgage Planning Specialist at Fairway Independent Mortgage Corporation says that it may be time for Home Buyers to get in now and lock in rates that remain historically very attractive.

Now is the time for Boomer Borrowers to make their move!

Yes, Mortgage Interest Rates are rising ... increasing again this week, after strong labor data bolsters the case for the Federal Reserve to start raising rates. The uptick compelled borrowers to make a move rather than sit on the sidelines risking more increases. Despite the increase in mortgage rates this week, the volume of purchase applications jumped10% week over week. Refinances rose 7%. Overall, the volume of mortgage applications was up 8.4% after six weeks of declines.

Buyers, got Questions? We have Answers.

Its not unusual to have questions. We recommend that you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision. CLICK HERE to read our Buyers most Frequently Asked Questions, a.k.a. our FAQs page. If you dont see the answer, email us, we look forward to helping you!