Mortgage Rates

Mortgage Rates Fall as Fed Continues Buying

The Federal Reserve Bank’s decision to keep buying bonds had a predictable effect on mortgage rates that fell to their lowest level in nine weeks.

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US Pending Home Sales Fall For 3rd Straight Month

pending home salesFewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers.

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Mortgage Rates Affect Monthly Payments More Than you Think

While most home buyers know that the sales price they agree to pay for their next home will impact how much their next monthly mortgage payment will be. I believe home buyers should pay as much, if not more, attention to their mortgage rate.

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