The #1 shared article for mortgages over the last week is The Wall Street Journal’s post from October 15th: Mortgage Rates Fall To Lowest Level Since June 2013.
Mortgage rates hitting a 16-month low last week is causing a stir, at least in social media. Declining interest rates present another good opportunity to buy a home, or refinance a higher rate mortgage.
Read The Wall Street Journal article: Mortgage Rates Fall To Lowest Level Since June 2013.
Over the past week, some mortgage lenders have been advertising rates of less than 4%, though those typically require borrowers to pay fees equal to at least 1% of the loan amount. The MBA’s weekly average rate of 4.2% last week, meanwhile, carried fees equal to around 0.17% of the loan amount.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
