With mortgage interest rates at a level not seen for over a decade (see chart below), the question of whether to wait for interest rates to fall is creeping in. This is not unreasonable, however, it does beg the question. Are rates actually high? If you take a look at the chart below, you can …
Category: interest rate
How To Make Your Interest Rate Hold For Longer
Searching for a home? That’s great! It’s a good time to buy! We know that it can be stressful, as interest rates could go up during your search. What if it didn’t have to be that way? What if you could be certain that your interest rate wouldn’t change while you searched for your next …
The Math of Refinancing: Does It Make Financial Sense?
Is Refinancing always a good idea? That depends on who you are, and what your reason is for refinancing. In this post, I give an example so you can make your own informed calculations.
Buy Now To Buy More: What Interest Rates Mean For You
An interest rate determines how much money must be paid in a mortgage payment. The higher the rate, the higher the interest payment. Do you agree that buying now really does mean buying more?
Market Update for March 17th
COVID-19, the Federal Reserve cuts rates, and Rate locks now good for 60 days. A lot is going on in the housing market and the country as a whole. Let's dive in, and see how this could affect you and your mortgage.
Top 5 Myths About Home Buying in 2020
Buying a home is one of the biggest financial decisions and commitments many will make. Unfortunately, there are several outdated and false ideas surrounding the home buying process and what exactly is needed to qualify for, and purchase a home in 2020. In this list, we are breaking down five of the most common home …
2019 Summer Market Update With Jim McMahan: Is it a good time to refinance?
In this video, Jim McMahan, President of Benchmark Mortgage, talks about the market, interest rates, and debt strategy to help you decide whether refinancing might be a good option for your financial goals.