How long does it take to buy a house? While estimating a timeline for home buying will depend on many variables, real estate experts estimate that the average time required is around four months. This timeline is important for buyers to keep in mind for a variety of reasons. Many buyers might hope to time […]
Why Refinance Your Mortgage
One of the bright spots of the pandemic and ensuing financial pain for homeowners is that they’ve been able to refinance their mortgages at record-low rates—and save quite a bit of cash. That’s about to change. Fannie Mae and Freddie Mac will be charging lenders a new fee on refinances that is likely be passed […]
Mortgage rates fall below 3 percent again
Mortgage rates didn’t move much this week but they went down enough to cross a significant marker. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 2.99 percent with an average 0.8 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and […]
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