Over the past year we have seen a historic drop in mortgage interest rates, with the lowest falling to a 2.16% for a 15-year fixed-rate and a 2.65% for a 30-year fixed-rate. The drop-in rates began a wave of refinances. Now, here we are almost a year after the COVID-19 pandemic began, and 3 months into 2021, and are starting to see the rates go back up. Leaving some people worried they’ve missed the chance to refinance
Purchasing your first home is exciting but can often feel overwhelming and a bit intimidating, especially during a pandemic. You’re probably unsure of what exactly to expect during the process
These days it seems like everywhere you turn people are talking about refinancing. And, if you haven’t yet, you’re probably wondering... “Should I refinance my home now?” Due to the COVID-19 pandemic, mortgage rates have been at a historically low rate making now a very popular time to refinance.
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points to 2.65%, this week.
Given the continuous gains in home prices over the past couple years, the Federal Housing Administration (FHA) recently announced increases to the FHA Single Family loan limits for 2021.
The Federal Housing Finance Agency just announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021. In most of the U.S., the maximum conforming loan limit (CLL) for one-unit properties will be $548,250, which is a 7.5% increase from the limit of $510,400 in 2020.
The mortgage process may seem complicated at first glance, but Loan Pronto is here to make it seamless and fast!
Your personal finances are divided into two categories, good and bad debt. The key is what does the debt do you for you – and it should always be more than what you do for the debt.
COVID 19 continues to put stress on the market causing rates to continue to drop! Mortgage rates have hit an all-time low in the first weeks of July.
Breaking down the benefits and drawbacks to a 15 year mortgage versus a 30 year mortgage and what makes the most sense for your situation.
Take a look at our checklist to see the basic documents you’ll need to apply.